Planar Systems, Inc. (PLNR) Releases FY14 Earnings Guidance
Planar Systems, Inc. (NASDAQ:PLNR) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.21-0.23 for the period, compared to the Thomson Reuters consensus estimate of $0.16, Analyst Ratings.Net reports. The company issued revenue guidance of $173.4-175.4 million, compared to the consensus revenue estimate of $170.05 million.Planar Systems also updated its Q4 guidance to $0.08-0.10 EPS.
Several analysts have recently commented on the stock. Analysts at Roth Capital upgraded shares of Planar Systems from a neutral rating to a buy rating in a research note on Thursday, May 8th. They now have a $2.50 price target on the stock, up previously from $2.25. Analysts at B. Riley upgraded shares of Planar Systems from a neutral rating to a buy rating in a research note on Wednesday, May 7th. They now have a $2.50 price target on the stock, up previously from $2.40.
Shares of Planar Systems, Inc. (NASDAQ:PLNR) traded up 1.13% on Thursday, hitting $2.69. The stock had a trading volume of 79,608 shares. Planar Systems, Inc. has a 1-year low of $1.75 and a 1-year high of $2.93. The stock’s 50-day moving average is $2.43 and its 200-day moving average is $2.30. The company’s market cap is $58.7 million.
Planar Systems (NASDAQ:PLNR) last released its earnings data on Thursday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.03. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $42.80 million. During the same quarter last year, the company posted ($0.02) earnings per share. Planar Systems’s revenue was up 17.1% compared to the same quarter last year. Analysts expect that Planar Systems, Inc. will post $0.16 EPS for the current fiscal year.
Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.
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