FEI (FEIC) Posts Quarterly Results
FEI (NASDAQ:FEIC) posted its quarterly earnings results on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67, Stock Ratings News reports. 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 previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. FEI updated its Q4 guidance to $0.87-0.97 EPS.
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 the ratings front, 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $84.00.
Shares of FEI (NASDAQ:FEIC) traded up 0.86% on Tuesday, hitting $89.14. 253,017 shares of the company’s stock traded hands. FEI has a 52-week low of $49.40 and a 52-week 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 P/E ratio of 31.64.
FEI Company is a supplier of scientific instruments for nanoscale applications and solutions for industry and science.
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