FEI Co. (FEIC) Releases Q4 Earnings Guidance
FEI Co. (NASDAQ:FEIC) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.87-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.92, Analyst Ratings.Net reports. The company issued revenue guidance of $250-260 million, compared to the consensus revenue estimate of $253.47 million.
FEI Co. (NASDAQ:FEIC) traded up 0.86% during mid-day trading on Tuesday, hitting $89.14. The stock had a trading volume of 253,017 shares. FEI Co. has a 1-year low of $49.40 and a 1-year high of $85.88. The stock’s 50-day moving average is $78.84 and its 200-day moving average is $71.38. The company has a market cap of $3.721 billion and a price-to-earnings ratio of 31.64.
FEI (NASDAQ:FEIC) last announced its earnings results on Tuesday, October 29th. The company reported $0.67 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.67. The company had revenue of $218.50 million for the quarter, compared to the consensus estimate of $221.16 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that FEI Co. will post $2.96 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FEIC shares. Analysts at Needham & Company reiterated a buy rating on shares of FEI in a research note to investors on Monday, September 23rd. They now have a $80.00 price target on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of FEI from $83.00 to $93.00 in a research note to investors on Monday, September 23rd. They now have a buy rating on the stock. Finally, analysts at DA Davidson reiterated a buy rating on shares of FEI in a research note to investors on Friday, September 13th. They now have a $100.00 price target on the stock, up previously from $84.00. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. FEI presently has a consensus rating of Buy and a consensus price target of $84.00.
FEI Company is a supplier of scientific instruments for nanoscale applications and solutions for industry and science.
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