Magnetek (MAG) Announces Quarterly Earnings Results, Beats Estimates By $0.37 EPS
Magnetek (NYSE:MAG) issued its quarterly earnings data on Tuesday. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.37, Analyst Ratings News reports. The company had revenue of $27.00 million for the quarter, compared to the consensus estimate of $27.00 million.
Magnetek (NYSE:MAG) opened at 25.95 on Tuesday. Magnetek has a 52-week low of $16.00 and a 52-week high of $26.00. The stock’s 50-day moving average is $24.19 and its 200-day moving average is $22.65. The company has a market cap of $84.7 million and a price-to-earnings ratio of 22.52.
Magnetek, Inc (NYSE:MAG) is a provider of digital power control systems that are used to control motion and power primarily in material handling, elevator, and energy delivery applications.
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