SFX Entertainment (SFXE) Announces Quarterly Results
SFX Entertainment (NASDAQ:SFXE) issued its quarterly earnings data on Thursday. The company reported ($0.73) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.56, AnalystRatingsNetwork.com reports. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $63.29 million.
A number of research firms have recently commented on SFXE. Analysts at Deutsche Bank reiterated a “buy” rating on shares of SFX Entertainment in a research note on Wednesday, April 9th. They now have a $16.00 price target on the stock, up previously from $15.00. Analysts at Stifel Nicolaus cut their price target on shares of SFX Entertainment from $14.00 to $12.00 in a research note on Friday, March 28th.
Shares of SFX Entertainment (NASDAQ:SFXE) opened at 6.86 on Thursday. SFX Entertainment has a 1-year low of $5.70 and a 1-year high of $13.39. The stock has a 50-day moving average of $7.02 and a 200-day moving average of $8.81. The company’s market cap is $608.2 million.
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