Accuray (ARAY) Set to Announce Earnings on Thursday
Accuray (NASDAQ:ARAY) will be releasing its earnings data on Thursday, January 30th. Parties that wish to register for the company’s conference call can do so using this link.
Accuray (NASDAQ:ARAY) last released its earnings data on Thursday, November 7th. The company reported ($0.21) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.20) by $0.01. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $79.67 million. During the same quarter last year, the company posted ($0.23) earnings per share. Accuray’s revenue was down 7.5% compared to the same quarter last year. On average, analysts expect Accuray to post $-0.70 EPS for the current fiscal year and $0.06 EPS for the next fiscal year.
Accuray (NASDAQ:ARAY) opened at 9.17 on Wednesday. Accuray has a 1-year low of $3.76 and a 1-year high of $9.38. The stock has a 50-day moving average of $8.64 and a 200-day moving average of $7.3. The company’s market cap is $686.6 million.
A number of analysts have recently weighed in on ARAY shares. Analysts at Sidoti initiated coverage on shares of Accuray in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Accuray in a research note to investors on Monday, December 2nd. They now have a $8.50 price target on the stock. Finally, analysts at Dougherty & Co raised their price target on shares of Accuray from $8.00 to $10.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Accuray has an average rating of “Buy” and an average price target of $8.70.
Accuray, Inc manufactures image-guided radiosurgery devices. The Company is based in the United States and its core product, the CyberKnife Stereotactic Radiosurgery System, combines image-guidance with robotics to offer unparalleled flexibility and accuracy.
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