HHGregg (HGG) Announces Quarterly Earnings Results, Misses Expectations By $0.11 EPS
HHGregg (NYSE:HGG) announced its earnings results on Friday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.11, AnalystRatings.Net reports. The company had revenue of $707.10 million for the quarter, compared to the consensus estimate of $774.60 million.
HGG has been the subject of a number of recent research reports. Analysts at Standpoint Research upgraded shares of HHGregg from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 24th. They now have a $16.00 price target on the stock. Analysts at B. Riley cut their price target on shares of HHGregg from $16.00 to $13.00 in a research note to investors on Tuesday, January 7th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.94.
Shares of HHGregg (NYSE:HGG) opened at 8.52 on Friday. HHGregg has a 52-week low of $8.48 and a 52-week high of $20.75. The stock has a 50-day moving average of $12.50 and a 200-day moving average of $15.91. The company has a market cap of $259.4 million and a P/E ratio of 11.47.
hhgregg, Inc (NYSE:HGG) is a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses and related services operating under the name hhgregg.
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.