Greatbatch Inc (GB) Issues FY14 Earnings Guidance
Greatbatch Inc (NYSE:GB) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.33, American Banking News.com reports. The company issued revenue guidance of $685-705 million, compared to the consensus revenue estimate of $705.60 million.
A number of analysts have recently weighed in on GB shares. Analysts at Zacks reiterated a neutral rating on shares of Greatbatch in a research note on Tuesday, July 1st. They now have a $52.00 price target on the stock. On a related note, analysts at KeyCorp reiterated a buy rating on shares of Greatbatch in a research note on Friday, June 13th. They now have a $58.00 price target on the stock, up previously from $55.00. Finally, analysts at Sterne Agee initiated coverage on shares of Greatbatch in a research note on Tuesday, June 3rd. They set a buy rating and a $53.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $50.50.
Shares of Greatbatch Inc (NYSE:GB) traded down 2.60% during mid-day trading on Thursday, hitting $49.51. 114,161 shares of the company’s stock traded hands. Greatbatch Inc has a 52-week low of $33.24 and a 52-week high of $51.64. The stock has a 50-day moving average of $49.55 and a 200-day moving average of $46.2. The company has a market cap of $1.232 billion and a price-to-earnings ratio of 28.65.
Greatbatch (NYSE:GB) last announced its earnings results on Thursday, July 31st. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.01. The company had revenue of $172.10 million for the quarter, compared to the consensus estimate of $177.06 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that Greatbatch Inc will post $2.33 EPS for the current fiscal year.
Greatbatch, Inc (NYSE:GB) is developer and manufacturer of components for implantable medical devices (IMDs) and Electrochem batteries.
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