Furmanite Corp. (FRM) Updates FY14 Earnings Guidance
Furmanite Corp. (NYSE:FRM) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.45-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.49, Analyst Ratings Network.com reports. The company issued revenue guidance of $560-580 million, compared to the consensus revenue estimate of $555.38 million.
Furmanite Corp. (NYSE:FRM) traded up 1.02% during mid-day trading on Wednesday, hitting $9.95. The stock had a trading volume of 94,392 shares. Furmanite Corp. has a 52 week low of $7.37 and a 52 week high of $12.70. The stock’s 50-day moving average is $10.93 and its 200-day moving average is $10.87. The company has a market cap of $374.2 million and a price-to-earnings ratio of 29.85.
Furmanite Corp. (NYSE:FRM) last released its earnings data on Thursday, July 31st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.04. The company had revenue of $146.20 million for the quarter, compared to the consensus estimate of $147.00 million. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. Analysts expect that Furmanite Corp. will post $0.49 EPS for the current fiscal year.
Furmanite Corporation (NYSE:FRM), along with its subsidiaries, provides specialized technical services, including on-line services, such as leak sealing, hot tapping, line stopping, line isolation, composite repair and valve testing.
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