OpenTable (OPEN) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
OpenTable (NASDAQ:OPEN) announced its earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03, Analyst RN reports. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $54.37 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. OpenTable updated its Q2 guidance to 0.43-0.48 EPS and its FY14 guidance to 1.81-1.96 EPS.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of OpenTable from a “neutral” rating to a “buy” rating in a research note on Thursday, April 3rd. They now have a $90.00 price target on the stock, up previously from $74.00. On a related note, analysts at Piper Jaffray raised their price target on shares of OpenTable from $82.00 to $97.00 in a research note on Thursday, March 13th. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of OpenTable to $77.00 in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. OpenTable presently has an average rating of “Hold” and a consensus target price of $78.58.
In other OpenTable news, CFO I. Duncan Robertson unloaded 3,000 shares of OpenTable stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $71.52, for a total value of $214,560.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
OpenTable (NASDAQ:OPEN) traded up 1.65% during mid-day trading on Thursday, hitting $68.27. The stock had a trading volume of 1,829,278 shares. OpenTable has a one year low of $55.46 and a one year high of $87.48. The stock has a 50-day moving average of $75.88 and a 200-day moving average of $77.47. The company has a market cap of $1.601 billion and a P/E ratio of 48.32.
OpenTable, Inc (NASDAQ:OPEN) provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants.
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