MWI Veterinary Supply Inc. (MWIV) Issues FY14 Earnings Guidance
MWI Veterinary Supply Inc. (NASDAQ:MWIV) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $5.47-5.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.65, AnalystRatings.NET reports. The company issued revenue guidance of $2.89-2.94 billion, compared to the consensus revenue estimate of $2.93 billion.
Shares of MWI Veterinary Supply Inc. (NASDAQ:MWIV) opened at 177.85 on Thursday. MWI Veterinary Supply Inc. has a 1-year low of $114.60 and a 1-year high of $188.40. The stock has a 50-day moving average of $177.3 and a 200-day moving average of $160.8. The company has a market cap of $2.286 billion and a price-to-earnings ratio of 35.93.
MWI Veterinary Supply (NASDAQ:MWIV) last announced its earnings results on Thursday, February 6th. The company reported $1.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.43 by $0.02. The company had revenue of $687.30 million for the quarter, compared to the consensus estimate of $693.21 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts predict that MWI Veterinary Supply Inc. will post $5.62 earnings per share for the current fiscal year.
On a related note, analysts at Zacks reiterated a neutral rating on shares of MWI Veterinary Supply in a research note to investors on Friday, December 6th. They now have a $184.00 price target on the stock.
MWI Veterinary Supply, Inc (NASDAQ:MWIV) is a distributor animal health products to veterinarians across the United States and United Kingdom.