Blount International (BLT) Scheduled to Post Quarterly Earnings on Friday
Blount International (NYSE:BLT) is set to post its quarterly earnings results on Friday, November 1st. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Blount International (NYSE:BLT) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.05. The company had revenue of $220.40 million for the quarter, compared to the consensus estimate of $240.30 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts expect Blount International to post $0.73 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.
Blount International (NYSE:BLT) opened at 12.44 on Thursday. Blount International has a 52-week low of $10.52 and a 52-week high of $17.49. The stock’s 50-day moving average is $12.19 and its 200-day moving average is $12.65. The company has a market cap of $614.9 million and a P/E ratio of 15.94.
A number of research firms have recently commented on BLT. Analysts at Zacks upgraded shares of Blount International from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $12.00 price target on the stock. On the ratings front, analysts at TheStreet downgraded shares of Blount International from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $13.67.
Blount International, Inc (NYSE:BLT) is a global industrial company.
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