GT Advanced Technologies Inc. (GTAT) Releases FY14 Earnings Guidance
GT Advanced Technologies Inc. (NASDAQ:GTAT) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.02-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.07, Analyst Ratings Network reports. The company issued revenue guidance of $600-800 million, compared to the consensus revenue estimate of $691.79 million.GT Advanced Technologies also updated its Q1 guidance to ($0.25)-($0.20) EPS.
On a related note, analysts at Canaccord Genuity raised their price target on shares of GT Advanced Technologies from $13.00 to $15.00 in a research note on Tuesday, February 18th. They now have a buy rating on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $11.63.
Shares of GT Advanced Technologies Inc. (NASDAQ:GTAT) opened at 12.11 on Monday. GT Advanced Technologies Inc. has a one year low of $2.61 and a one year high of $12.89. The stock’s 50-day moving average is $10.07 and its 200-day moving average is $8.58. The company’s market cap is $1.480 billion.
GT Advanced Technologies (NASDAQ:GTAT) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.26) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.35) by $0.09. The company had revenue of $32.60 million for the quarter, compared to the consensus estimate of $37.38 million. On average, analysts predict that GT Advanced Technologies Inc. will post $-0.44 earnings per share for the current fiscal year.
GT Advanced Technologies Inc is diversified technology company with crystal growth equipment and solutions for the global solar, light emitting diode (NASDAQ:GTAT) and electronics industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.