Federal-Mogul Corp. (FDML) Announces Quarterly Results
Federal-Mogul Corp. (NASDAQ:FDML) posted its quarterly earnings results on Thursday. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.35, Analyst Ratings Net reports. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Federal-Mogul Corp. in a research note on Friday, January 10th. They set a “market perform” rating and a $25.00 price target on the stock. On a related note, analysts at Goldman Sachs downgraded shares of Federal-Mogul Corp. from a “neutral” rating to a “sell” rating in a research note on Thursday, January 9th. Finally, analysts at Zacks downgraded shares of Federal-Mogul Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 24th. They now have a $22.30 price target on the stock.
Shares of Federal-Mogul Corp. (NASDAQ:FDML) traded up 0.29% during mid-day trading on Thursday, hitting $17.34. The stock had a trading volume of 184,742 shares. Federal-Mogul Corp. has a 52-week low of $4.80 and a 52-week high of $23.62. The stock has a 50-day moving average of $18.55 and a 200-day moving average of $18.19. The company’s market cap is $2.602 billion.
Federal-Mogul Corporation is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems.
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