Checkpoint Systems (CKP) Releases Quarterly Earnings Results
Checkpoint Systems (NYSE:CKP) issued its quarterly earnings data on Monday. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.15, ARN reports. The company had revenue of $147.41 million for the quarter, compared to the consensus estimate of $151.50 million. Checkpoint Systems’s revenue was down .5% compared to the same quarter last year. Checkpoint Systems updated its FY14 guidance to $0.60-0.70 EPS.
On the ratings front, analysts at Imperial Capital cut their price target on shares of Checkpoint Systems from $20.00 to $19.00 in a research note on Thursday, April 10th. They now have an “outperform” rating on the stock.
Shares of Checkpoint Systems (NYSE:CKP) traded down 1.13% on Monday, hitting $12.26. The stock had a trading volume of 130,541 shares. Checkpoint Systems has a 52-week low of $11.27 and a 52-week high of $18.25. The stock’s 50-day moving average is $12.90 and its 200-day moving average is $14.30. The company’s market cap is $510.1 million.
Checkpoint Systems, Inc is a global manufacturer and provider of technology-driven, loss prevention, inventory management and labeling solutions to the retail and apparel industry.
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