Monster Worldwide (MWW) Posts Quarterly Results
Monster Worldwide (NYSE:MWW) released its earnings data on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11, AR Network reports. The company had revenue of $199.00 million for the quarter, compared to the consensus estimate of $195.30 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Monster Worldwide updated its Q1 guidance to $0.06-0.10 EPS.
Shares of Monster Worldwide (NYSE:MWW) traded up 2.62% on Friday, hitting $7.43. 5,355,538 shares of the company’s stock traded hands. Monster Worldwide has a one year low of $4.02 and a one year high of $7.81. The stock’s 50-day moving average is $6.66 and its 200-day moving average is $5.30. The company’s market cap is $779.2 million.
Several analysts have recently commented on the stock. Analysts at Avondale Partners raised their price target on shares of Monster Worldwide from $7.00 to $8.50 in a research note to investors on Friday. They now have a “market perform” rating on the stock. On a related note, analysts at S&P Equity Research downgraded shares of Monster Worldwide to a “sell” rating in a research note to investors on Thursday, January 16th. Finally, analysts at BMO Capital Markets raised their price target on shares of Monster Worldwide from $6.00 to $8.00 in a research note to investors on Monday, January 6th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.96.
Monster Worldwide, Inc (NYSE:MWW) is parent company of Monster, the global online employment solution.
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