Furmanite Corp. (FRM) to Release Quarterly Earnings on Friday
Furmanite Corp. (NYSE:FRM) is set to announce its earnings results on Friday, November 1st. Furmanite Corp. has set its FY13 guidance at $0.44-0.48 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Furmanite Corp. (NYSE:FRM) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.04. The company had revenue of $108.40 million for the quarter, compared to the consensus estimate of $98.00 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, analysts expect Furmanite Corp. to post $0.45 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.
Shares of Furmanite Corp. (NYSE:FRM) opened at 11.40 on Thursday. Furmanite Corp. has a 52-week low of $3.69 and a 52-week high of $9.83. The stock’s 50-day moving average is $10.10 and its 200-day moving average is $8.21. The company has a market cap of $426.5 million and a price-to-earnings ratio of 48.17.
On the ratings front, analysts at DA Davidson upgraded shares of Furmanite Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 5th. They now have a $12.00 price target on the stock, up previously from $8.00.
Furmanite Corporation (NYSE:FRM), along with its subsidiaries, provides specialized technical services, including on-line services, such as leak sealing, hot tapping, line stopping, line isolation, composite repair and valve testing.
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