Frequency Electronics (FEIM) Releases Quarterly Earnings, Misses Estimates By $0.07 EPS
Frequency Electronics (NASDAQ:FEIM) posted its quarterly earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.07, Stock Ratings Network.com reports. The company had revenue of $19.50 million for the quarter, compared to the consensus estimate of $17.54 million. During the same quarter last year, the company posted ($0.01) earnings per share.
Shares of Frequency Electronics (NASDAQ:FEIM) traded down 2.30% on Thursday, hitting $10.62. 7,832 shares of the company’s stock traded hands. Frequency Electronics has a 52 week low of $9.52 and a 52 week high of $13.31. The stock has a 50-day moving average of $11.29 and a 200-day moving average of $11.2. The company has a market cap of $90.8 million and a price-to-earnings ratio of 29.22.
Frequency Electronics, Inc (NASDAQ:FEIM), is a provider of precision time and frequency technology, which is employed in commercial, government, command, control, communication, computer, intelligence, security and reconnaissance (C4ISR) and other military electronic systems.
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