FEI Company (FEIC) Announces Quarterly Earnings Results, Misses Estimates By $0.08 EPS
FEI Company (NASDAQ:FEIC) released its earnings data on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.08, AnalystRatingsNetwork reports. The company had revenue of $226.30 million for the quarter, compared to the consensus estimate of $235.05 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. FEI Company updated its Q2 guidance to $0.65-0.75 EPS.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of FEI Company from $87.00 to $95.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of FEI Company from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. They now have a $107.20 price target on the stock. Finally, analysts at Davidson downgraded shares of FEI Company from a “buy” rating to a “neutral” rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $101.24.
FEI Company (NASDAQ:FEIC) traded down 1.33% on Tuesday, hitting $88.80. 471,165 shares of the company’s stock traded hands. FEI Company has a one year low of $63.03 and a one year high of $111.57. The stock has a 50-day moving average of $98.19 and a 200-day moving average of $94.14. The company has a market cap of $3.750 billion and a price-to-earnings ratio of 29.94. FEI Company also was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,073,624 shares, a growth of 63.5% from the March 31st total of 656,818 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 972,489 shares, the short-interest ratio is currently 1.1 days.
FEI Company, incorporated on May 7, 1953, is a supplier of scientific instruments for nanoscale applications and solutions for industry and science.
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