hhgregg (HGG) Releases Quarterly Earnings Results, Hits Estimates
hhgregg (NYSE:HGG) posted its quarterly earnings results on Tuesday. The company reported ($0.17) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.17), AnalystRatingsNetwork reports. The company had revenue of $538.30 million for the quarter, compared to the consensus estimate of $537.96 million. During the same quarter last year, the company posted $0.31 earnings per share.
A number of research firms have recently commented on HGG. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of hhgregg in a research note on Wednesday, April 16th. They now have a $7.00 price target on the stock. Analysts at Jefferies Group cut their price target on shares of hhgregg from $9.00 to $8.00 in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. hhgregg presently has an average rating of “Hold” and a consensus target price of $10.00.
Shares of hhgregg (NYSE:HGG) opened at 8.91 on Tuesday. hhgregg has a one year low of $7.23 and a one year high of $20.75. The stock has a 50-day moving average of $8.8 and a 200-day moving average of $11.23. The company has a market cap of $262.8 million and a price-to-earnings ratio of 15.22.
hhgregg, Inc (NYSE:HGG) is a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses and related services operating under the name hhgregg.
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