CLARCOR Inc. (CLC) Issues FY14 Earnings Guidance
CLARCOR Inc. (NYSE:CLC) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.85-2.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.77, StockRatingsNetwork reports. The company issued revenue guidance of $1.485-1.535, compared to the consensus revenue estimate of $1.47 billion.
CLARCOR Inc. (NYSE:CLC) traded up 0.12% during mid-day trading on Wednesday, hitting $58.80. The stock had a trading volume of 360,852 shares. CLARCOR Inc. has a 52-week low of $50.92 and a 52-week high of $65.08. The stock’s 50-day moving average is $57.92 and its 200-day moving average is $58.17. The company has a market cap of $2.965 billion and a P/E ratio of 25.00.
CLARCOR (NYSE:CLC) last issued its quarterly earnings data on Wednesday, June 18th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.14. The company had revenue of $386.60 million for the quarter, compared to the consensus estimate of $364.30 million. During the same quarter last year, the company posted $0.66 earnings per share. CLARCOR’s revenue was up 34.4% compared to the same quarter last year. On average, analysts predict that CLARCOR Inc. will post $2.73 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of CLARCOR from a neutral rating to an outperform rating in a research note on Monday, May 19th. They now have a $65.80 price target on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of CLARCOR from $60.00 to $62.00 in a research note on Wednesday, May 14th. They now have a neutral rating on the stock. Finally, analysts at BB&T Corp. upgraded shares of CLARCOR from a hold rating to a buy rating in a research note on Tuesday, April 29th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call.
CLARCOR Inc (NYSE:CLC) is a provider of filtration products, filtration systems and services, and consumer and industrial packaging products.
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