Micros Systems (MCRS) Posts Quarterly Earnings, Hits Estimates
Micros Systems (NASDAQ:MCRS) released its earnings data on Friday. The company reported $0.63 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.63, Stock Ratings Network.com reports. The company had revenue of $345.60 million for the quarter, compared to the consensus estimate of $329.89 million.
Micros Systems (NASDAQ:MCRS) opened at 54.97 on Friday. Micros Systems has a one year low of $40.25 and a one year high of $59.46. The stock has a 50-day moving average of $56.71 and a 200-day moving average of $52.1. The company has a market cap of $4.138 billion and a price-to-earnings ratio of 26.70.
A number of research firms have recently commented on MCRS. Analysts at Wedbush raised their price target on shares of Micros Systems from $58.00 to $65.00 in a research note to investors on Tuesday, January 21st. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Micros Systems in a research note to investors on Friday, December 20th. They now have a $58.00 price target on the stock. Finally, analysts at Needham & Company raised their price target on shares of Micros Systems from $60.00 to $65.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $56.38.
MICROS Systems, Inc (NASDAQ:MCRS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.
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