Cameron International Corp. (CAM) Releases Quarterly Earnings Results
Cameron International Corp. (NYSE:CAM) released its earnings data on Thursday. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.83 by $0.02, American Banking News.com reports. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Cameron International Corp. updated its Q4 guidance to $0.95-1.00 EPS.
A number of analysts have recently weighed in on CAM shares. Analysts at Guggenheim reiterated a “buy” rating on shares of Cameron International Corp. in a research note to investors on Wednesday, October 16th. On a related note, analysts at Robert W. Baird initiated coverage on shares of Cameron International Corp. in a research note to investors on Monday, October 14th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, analysts at Clarkson Capital initiated coverage on shares of Cameron International Corp. in a research note to investors on Monday, October 7th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $73.79.
Shares of Cameron International Corp. (NYSE:CAM) opened at 62.82 on Thursday. Cameron International Corp. has a one year low of $47.62 and a one year high of $67.42. The stock’s 50-day moving average is $57.56 and its 200-day moving average is $61.59. The company has a market cap of $15.461 billion and a P/E ratio of 21.45.
In other Cameron International Corp. news, CAO Christopher A. Krummel sold 18,453 shares of the stock on the open market in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $65.00, for a total value of $1,199,445.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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