West Corp (WSTC) Posts Quarterly Results
West Corp (NASDAQ:WSTC) released its earnings data on Friday. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03, AnalystRatingsNetwork.com reports. The company had revenue of $687.00 million for the quarter, compared to the consensus estimate of $670.00 million.
A number of research firms have recently commented on WSTC. Analysts at Barclays downgraded shares of West Corp from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday. They now have a $27.00 price target on the stock, up previously from $26.00. On a related note, analysts at Goldman Sachs Group Inc. downgraded shares of West Corp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 23rd. Finally, analysts at RBC Capital initiated coverage on shares of West Corp in a research note to investors on Friday, January 10th. They set an “outperform” rating and a $31.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $27.42.
Shares of West Corp (NASDAQ:WSTC) opened at 24.58 on Friday. West Corp has a one year low of $18.38 and a one year high of $26.39. The stock has a 50-day moving average of $25.55 and a 200-day moving average of $23.45. The company has a market cap of $2.055 billion and a P/E ratio of 18.17.
The company also recently announced a dividend, which is scheduled for Thursday, February 20th. Investors of record on Monday, February 10th will be paid a dividend of 0.225 per share. The ex-dividend date is Thursday, February 6th.
West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.
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