Stifel Nicolaus Downgrades Pike Electric Corp. to Hold (PIKE)
Pike Electric Corp. (NASDAQ:PIKE) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Shares of Pike Electric Corp. (NASDAQ:PIKE) opened at 10.50 on Thursday. Pike Electric Corp. has a 52-week low of $8.72 and a 52-week high of $15.95. The stock has a 50-day moving average of $10.68 and a 200-day moving average of $10.93. The company has a market cap of $333.9 million and a price-to-earnings ratio of 12.41.
Pike Electric Corp. (NASDAQ:PIKE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.10. The company had revenue of $210.90 million for the quarter, compared to the consensus estimate of $205.29 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. On average, analysts predict that Pike Electric Corp. will post $0.39 earnings per share for the current fiscal year.
Pike Electric Corporation (NASDAQ:PIKE), provides energy solutions for investor-owned, municipal and co-operative utilities in the United States.
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