Exactech Inc. (EXAC) Releases FY14 Earnings Guidance
Exactech Inc. (NASDAQ:EXAC) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.19-1.23 for the period, compared to the Thomson Reuters consensus estimate of $1.21, ARN reports. The company issued revenue guidance of $249-253 million, compared to the consensus revenue estimate of $250.95 million.Exactech also updated its Q3 guidance to $0.24-0.26 EPS.
Exactech Inc. (NASDAQ:EXAC) traded up 2.38% during mid-day trading on Monday, hitting $22.78. 27,007 shares of the company’s stock traded hands. Exactech Inc. has a 52 week low of $18.34 and a 52 week high of $26.52. The stock’s 50-day moving average is $24.67 and its 200-day moving average is $23.31. The company has a market cap of $311.1 million and a price-to-earnings ratio of 19.69.
Exactech (NASDAQ:EXAC) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $63.92 million for the quarter, compared to the consensus estimate of $63.80 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Exactech Inc. will post $1.21 earnings per share for the current fiscal year.
Exactech, Inc develops, manufactures and sells orthopedic implant devices, related surgical instruments and biological material and services to make patients more mobile.
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