Solera Holdings (SLH) Posts Quarterly Results
Solera Holdings (NYSE:SLH) announced its earnings results on Wednesday. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02, AnalystRatings.Net reports. 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 previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Solera Holdings updated its FY14 guidance to $2.83-2.90 EPS.
Shares of Solera Holdings (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 has a 52 week low of $50.39 and a 52 week high of $71.15. The stock’s 50-day moving average is $64.26 and its 200-day moving average is $65.83. The company has a market cap of $4.543 billion and a P/E ratio of 1771.89.
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 assigned a buy rating to the company. Solera Holdings presently has an average rating of “Buy” and an average price target of $70.30.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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