Aeroflex Holding Corp. (ARX) Releases Quarterly Earnings Results
Aeroflex Holding Corp. (NYSE:ARX) issued its quarterly earnings data on Friday. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.12, StockRatingsNetwork reports. The company had revenue of $151.90 million for the quarter, compared to the consensus estimate of $149.20 million.
Aeroflex Holding Corp. (NYSE:ARX) opened at 6.78 on Friday. Aeroflex Holding Corp. has a one year low of $6.04 and a one year high of $9.25. The stock has a 50-day moving average of $6.6 and a 200-day moving average of $7.11. The company’s market cap is $575.9 million.
On the ratings front, analysts at Goldman Sachs Group Inc. downgraded shares of Aeroflex Holding Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $7.00 price target on the stock, down previously from $9.00. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.83.
Aeroflex Holding Corp. (NYSE:ARX) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems.
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