Hutchinson Technology Incorporated (HTCH) Posts Quarterly Earnings, Beats Estimates By $0.07 EPS
Hutchinson Technology Incorporated (NASDAQ:HTCH) issued its quarterly earnings data on Tuesday. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.07, ARN reports. The company had revenue of $70.30 million for the quarter, compared to the consensus estimate of $70.10 million.
On a related note, analysts at Thomson Reuters/Verus upgraded shares of Hutchinson Technology Incorporated from a “sell” rating to a “hold” rating in a research note to investors on Monday, January 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Hutchinson Technology Incorporated has a consensus rating of “Hold” and an average price target of $5.00.
Hutchinson Technology Incorporated (NASDAQ:HTCH) traded up 0.25% on Tuesday, hitting $4.02. 536,707 shares of the company’s stock traded hands. Hutchinson Technology Incorporated has a 1-year low of $2.27 and a 1-year high of $6.69. The stock’s 50-day moving average is $3.40 and its 200-day moving average is $3.59. The company’s market cap is $112.7 million.
Hutchinson Technology Incorporated (NASDAQ:HTCH) is a global technology company engaged in developing solutions to customer problems.
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