West Corp (WSTC) Issues FY14 Earnings Guidance
West Corp (NASDAQ:WSTC) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $2.87-3.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.83, Analyst RN reports. The company issued revenue guidance of $2.77-2.82, compared to the consensus revenue estimate of $2.78 billion.
Shares of West Corp (NASDAQ:WSTC) traded down 1.53% during mid-day trading on Thursday, hitting $25.77. The stock had a trading volume of 269,512 shares. West Corp has a one year low of $21.16 and a one year high of $27.85. The stock has a 50-day moving average of $26.90 and a 200-day moving average of $25.26. The company has a market cap of $2.163 billion and a price-to-earnings ratio of 12.02. West Corp also was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 1,726,262 shares, a growth of 41.3% from the June 30th total of 1,221,806 shares. Based on an average daily volume of 232,228 shares, the days-to-cover ratio is currently 7.4 days. Currently, 7.5% of the company’s stock are short sold.
West Corp (NASDAQ:WSTC) last released its earnings data on Thursday, July 31st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.03. The company had revenue of $691.10 million for the quarter, compared to the consensus estimate of $681.88 million. During the same quarter last year, the company posted $0.71 earnings per share. West Corp’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that West Corp will post $2.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Monday, August 11th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.45%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of West Corp from a neutral rating to an outperform rating in a research note on Tuesday, July 8th. They now have a $29.90 price target on the stock. On a related note, analysts at Evercore Partners raised their price target on shares of West Corp from $28.00 to $33.00 in a research note on Tuesday, July 1st. They now have an overweight rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of West Corp from $30.00 to $31.00 in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. West Corp presently has an average rating of Buy and an average price target of $29.13.
West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.
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