FEI Company (FEIC) Issues Q3 Earnings Guidance
FEI Company (NASDAQ:FEIC) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.90, AnalystRatings.NET reports. The company issued revenue guidance of $228-243 million, compared to the consensus revenue estimate of $258.03 million.
A number of research firms have recently commented on FEIC. Analysts at Zacks downgraded shares of FEI Company from an outperform rating to a neutral rating in a research note on Friday, May 9th. They now have a $95.40 price target on the stock. Analysts at Dougherty & Co upgraded shares of FEI Company from a hold rating to a buy rating in a research note on Monday, May 5th. They now have a $96.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $98.90.
FEI Company (NASDAQ:FEIC) traded up 1.22% during mid-day trading on Wednesday, hitting $87.10. 284,928 shares of the company’s stock traded hands. FEI Company has a one year low of $71.04 and a one year high of $111.57. The stock has a 50-day moving average of $88.3 and a 200-day moving average of $92.50. The company has a market cap of $3.681 billion and a price-to-earnings ratio of 29.19.
FEI Company (NASDAQ:FEIC) last released its earnings data on Wednesday, July 30th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.05. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $235.22 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that FEI Company will post $3.25 EPS for the current fiscal year.
FEI Company, incorporated on May 7, 1953, is a supplier of scientific instruments for nanoscale applications and solutions for industry and science.
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