Greatbatch (GB) to Release Earnings on Thursday
Greatbatch (NYSE:GB) is scheduled to be posting its Q313 quarterly earnings results on Thursday, October 24th. Analysts expect Greatbatch to post earnings of $0.54 per share and revenue of $167.30 million for the quarter. Greatbatch has set its FY13 guidance at $2.05-2.15 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Greatbatch (NYSE:GB) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.10. The company had revenue of $171.33 million for the quarter, compared to the consensus estimate of $166.51 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts expect Greatbatch to post $2.09 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.
Greatbatch (NYSE:GB) opened at 36.77 on Wednesday. Greatbatch has a 52-week low of $21.08 and a 52-week high of $38.36. The stock’s 50-day moving average is $35.88 and its 200-day moving average is $32.39. The company has a market cap of $884.8 million and a price-to-earnings ratio of 379.07.
On a related note, analysts at RBC Capital raised their price target on shares of Greatbatch from $28.00 to $39.00 in a research note to investors on Friday, August 2nd. They now have a “sector perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.67.
Greatbatch, Inc (NYSE:GB) is developer and manufacturer of components for implantable medical devices (IMDs) and Electrochem batteries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.