Anaren Inc. (ANEN) Releases Q2 Earnings Guidance
Anaren Inc. (NASDAQ:ANEN) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.31 – $0.37 for the period, compared to the Thomson Reuters consensus estimate of $0.40, American Banking News.com reports. The company issued revenue guidance of $39 to $43 million, compared to the consensus revenue estimate of $42.44 million.
On a related note, analysts at Thomson Reuters/Verus downgraded shares of Anaren from a buy rating to a hold rating in a research note to investors on Monday, August 12th.
Anaren Inc. (NASDAQ:ANEN) traded up 1.34% on Tuesday, hitting $26.47. 31,799 shares of the company’s stock traded hands. Anaren Inc. has a one year low of $17.61 and a one year high of $25.45. The stock’s 50-day moving average is $24.45 and its 200-day moving average is $22.89. The company has a market cap of $334.3 million and a P/E ratio of 23.12.
Anaren (NASDAQ:ANEN) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.05. The company had revenue of $38.54 million for the quarter, compared to the consensus estimate of $40.27 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts predict that Anaren Inc. will post $1.59 earnings per share for the current fiscal year.
Anaren, Inc is a provider of microelectronics, and microwave components and assemblies for the wireless and space and defense electronics markets.
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