Valassis Communications Inc. (VCI) Updates FY13 Earnings Guidance
Valassis Communications Inc. (NYSE:VCI) updated its FY13 earnings guidance on Thursday. The company provided earnings per share guidance of $2.74-2.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.09, American Banking News.com reports.
Shares of Valassis Communications Inc. (NYSE:VCI) opened at 30.95 on Thursday. Valassis Communications Inc. has a 1-year low of $23.69 and a 1-year high of $31.34. The stock has a 50-day moving average of $28.45 and a 200-day moving average of $27.25. The company has a market cap of $1.169 billion and a price-to-earnings ratio of 10.42.
Valassis Communications (NYSE:VCI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.13. The company had revenue of $489.40 million for the quarter, compared to the consensus estimate of $494.90 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts predict that Valassis Communications Inc. will post $3.09 earnings per share for the current fiscal year.
Valassis Communications, Inc (NYSE:VCI) is a media delivery, providing over 15,000 advertisers and media solutions to influence consumers wherever they plan, shop, buy and share.
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