International Rectifier Corp. (IRF) Posts Quarterly Earnings, Beats Estimates By $0.01 EPS
International Rectifier Corp. (NYSE:IRF) posted its quarterly earnings results on Wednesday. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01, Stock Ratings Network reports. The company had revenue of $270.00 million for the quarter, compared to the consensus estimate of $265.62 million.
Shares of International Rectifier Corp. (NYSE:IRF) traded up 1.09% on Wednesday, hitting $26.93. 802,857 shares of the company’s stock traded hands. International Rectifier Corp. has a 52-week low of $17.62 and a 52-week high of $28.19. The stock has a 50-day moving average of $26.16 and a 200-day moving average of $24.7. The company’s market cap is $1.915 billion.
A number of analysts have recently weighed in on IRF shares. Analysts at Zacks upgraded shares of International Rectifier Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 20th. They now have a $24.10 price target on the stock. Analysts at Drexel Hamilton initiated coverage on shares of International Rectifier Corp. in a research note to investors on Wednesday, November 13th. They set a “buy” rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. International Rectifier Corp. presently has a consensus rating of “Hold” and an average target price of $25.42.
International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.
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.