West Corp (WSTC) Releases FY14 Earnings Guidance
West Corp (NASDAQ:WSTC) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.72-2.89 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.79, American Banking & Market News reports. The company issued revenue guidance of $2.7-2.55 billion, compared to the consensus revenue estimate of $2.74 billion.
Shares of West Corp (NASDAQ:WSTC) traded down 0.61% during mid-day trading on Tuesday, hitting $24.25. 81,675 shares of the company’s stock traded hands. West Corp has a 52 week low of $20.63 and a 52 week high of $26.39. The stock’s 50-day moving average is $24.26 and its 200-day moving average is $24.19. The company has a market cap of $2.036 billion and a price-to-earnings ratio of 11.20.
West Corp (NASDAQ:WSTC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $676.20 million for the quarter, compared to the consensus estimate of $661.07 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that West Corp will post $2.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, May 1st.
On a related note, analysts at Zacks upgraded shares of West Corp from an underperform rating to a neutral rating in a research note on Monday, April 7th. They now have a $24.50 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $26.83.
West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.
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