CryoLife (CRY) Announces Quarterly Earnings, Misses Expectations By $0.04 EPS
CryoLife (NYSE:CRY) issued its quarterly earnings data on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.04, American Banking News reports. The company had revenue of $35.50 million for the quarter, compared to the consensus estimate of $34.90 million. CryoLife updated its FY14 guidance to $0.21-0.24 EPS.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 21st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0275 per share. This represents a $0.11 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, March 12th.
On the ratings front, analysts at Zacks downgraded shares of CryoLife from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 21st. They now have a $12.40 price target on the stock.
CryoLife, Inc (NYSE:CRY) is a biological medical device company.
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