Dresser-Rand Group (DRC) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Dresser-Rand Group (NYSE:DRC) released its earnings data on Monday. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.02, Stock Ratings Network.com reports. The company had revenue of $628.40 million for the quarter, compared to the consensus estimate of $713.46 million. Dresser-Rand Group updated its FY14 guidance to $2.60-2.80 EPS.
Shares of Dresser-Rand Group (NYSE:DRC) traded up 0.12% during mid-day trading on Monday, hitting $58.95. 1,189,131 shares of the company’s stock traded hands. Dresser-Rand Group has a one year low of $51.46 and a one year high of $71.91. The stock has a 50-day moving average of $62.81 and a 200-day moving average of $59.69. The company has a market cap of $4.509 billion and a P/E ratio of 29.75.
DRC has been the subject of a number of recent research reports. Analysts at Robert W. Baird initiated coverage on shares of Dresser-Rand Group in a research note on Tuesday, July 15th. They set a “neutral” rating and a $66.00 price target on the stock. Analysts at Zacks upgraded shares of Dresser-Rand Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $63.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $64.91.
Dresser-Rand Group Inc is a global supplier of of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power generation, military and other industries worldwide.
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