Cameron International (CAM) Announces Quarterly Results
Cameron International (NYSE:CAM) issued its quarterly earnings data on Thursday. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.13, Analyst Ratings News reports. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. Cameron International updated its Q3 guidance to $1.10-1.20 EPS and its FY14 guidance to $4.00-4.25 EPS.
Cameron International (NYSE:CAM) traded up 3.98% on Thursday, hitting $72.34. 3,339,157 shares of the company’s stock traded hands. Cameron International has a 52-week low of $52.50 and a 52-week high of $69.71. The stock has a 50-day moving average of $67.09 and a 200-day moving average of $63.33. The company has a market cap of $14.771 billion and a P/E ratio of 24.76.
A number of analysts have recently weighed in on CAM shares. Analysts at Goldman Sachs raised their price target on shares of Cameron International from $72.00 to $76.00 in a research note on Thursday, July 10th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Cameron International in a research note on Monday, July 7th. They now have a $72.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cameron International in a research note on Thursday, May 1st. They now have a $68.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $73.32.
Cameron International Corporation provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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