Blue Nile Inc. (NILE) Updates Q4 Earnings Guidance
Blue Nile Inc. (NASDAQ:NILE) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.37-0.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42, AnalystRatings.Net reports. The company issued revenue guidance of $146-161 million, compared to the consensus revenue estimate of $152.19 million.
Shares of Blue Nile Inc. (NASDAQ:NILE) traded up 0.91% during mid-day trading on Thursday, hitting $40.97. The stock had a trading volume of 51,441 shares. Blue Nile Inc. has a 52 week low of $28.90 and a 52 week high of $43.00. The stock’s 50-day moving average is $39.42 and its 200-day moving average is $37.00. The company has a market cap of $509.2 million and a P/E ratio of 52.73.
Blue Nile (NASDAQ:NILE) last announced its earnings results on Thursday, October 31st. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.01. The company had revenue of $98.90 million for the quarter, compared to the consensus estimate of $99.82 million. During the same quarter last year, the company posted $0.14 earnings per share. Blue Nile’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Blue Nile Inc. will post $0.82 earnings per share for the current fiscal year.
On a related note, analysts at B. Riley initiated coverage on shares of Blue Nile in a research note to investors on Thursday, September 26th. They set a buy rating and a $49.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $39.43.
In other Blue Nile news, Director Mark C. Vadon unloaded 21,600 shares of the company’s stock on the open market in a transaction dated Monday, October 28th. The shares were sold at an average price of $40.41, for a total value of $872,856.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.