hhgregg, Inc. (HGG) Releases Q4 Earnings Guidance
hhgregg, Inc. (NYSE:HGG) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.09 for the period, compared to the Thomson Reuters consensus estimate of $0.10, American Banking News.com reports. The company issued revenue guidance of $538.3 million, compared to the consensus revenue estimate of $551.97 million.
A number of analysts have recently weighed in on HGG shares. Analysts at Oppenheimer cut their price target on shares of hhgregg from $11.00 to $10.00 in a research note on Tuesday, February 11th. They now have a market perform rating on the stock. On a related note, analysts at Zacks downgraded shares of hhgregg from a neutral rating to an underperform rating in a research note on Friday, February 7th. They now have a $7.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of hhgregg from $13.00 to $9.00 in a research note on Friday, January 31st. They now have a neutral rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $11.11.
Shares of hhgregg, Inc. (NYSE:HGG) opened at 8.71 on Tuesday. hhgregg, Inc. has a 1-year low of $7.23 and a 1-year high of $20.75. The stock’s 50-day moving average is $9.69 and its 200-day moving average is $12.8. The company has a market cap of $256.9 million and a P/E ratio of 16.03.
hhgregg (NYSE:HGG) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.11. The company had revenue of $707.10 million for the quarter, compared to the consensus estimate of $774.60 million. On average, analysts predict that hhgregg, Inc. will post $0.35 earnings per share for the current fiscal year.
hhgregg, Inc (NYSE:HGG) is a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses and related services operating under the name hhgregg.
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