Safeguard Scientifics (SFE) Releases Quarterly Earnings Results, Misses Expectations By $0.36 EPS
Safeguard Scientifics (NYSE:SFE) announced its earnings results on Thursday. The company reported ($0.90) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.54) by $0.36, American Banking News reports. During the same quarter last year, the company posted ($0.42) earnings per share.
Shares of Safeguard Scientifics (NYSE:SFE) traded up 0.29% during mid-day trading on Thursday, hitting $17.16. The stock had a trading volume of 23,846 shares. Safeguard Scientifics has a 1-year low of $14.14 and a 1-year high of $18.00. The stock’s 50-day moving average is $14.85 and its 200-day moving average is $15.68. The company’s market cap is $462.9 million.
A number of analysts have recently weighed in on SFE shares. Analysts at Zacks upgraded shares of Safeguard Scientifics from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 27th. They now have a $15.10 price target on the stock. On a related note, analysts at Janney Montgomery Scott initiated coverage on shares of Safeguard Scientifics in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock.
Safeguard Scientifics, Inc provides growth capital for entrepreneurial and innovative life sciences and technology companies.
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