Solera Holdings Inc. (SLH) Updates FY14 Earnings Guidance
Solera Holdings Inc. (NYSE:SLH) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.83-2.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.82, Stock Ratings Network reports. The company issued revenue guidance of $981-987 million, compared to the consensus revenue estimate of $983.56 million.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Solera Holdings from an outperform rating to a neutral rating in a research note on Monday, April 28th. They now have a $72.10 price target on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Solera Holdings in a research note on Wednesday, February 12th. They set a market perform rating on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $70.30.
Shares of Solera Holdings Inc. (NYSE:SLH) traded up 0.46% during mid-day trading on Wednesday, hitting $65.86. 233,828 shares of the company’s stock traded hands. Solera Holdings Inc. has a 1-year low of $50.39 and a 1-year high of $71.15. The stock has a 50-day moving average of $64.26 and a 200-day moving average of $65.83. The company has a market cap of $4.543 billion and a P/E ratio of 1771.89.
Solera Holdings (NYSE:SLH) last released its earnings data on Wednesday, May 7th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.02. The company had revenue of $262.40 million for the quarter, compared to the consensus estimate of $261.29 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts predict that Solera Holdings Inc. will post $2.82 earnings per share for the current fiscal year.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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.