AOL (AOL) Announces Quarterly Results
AOL (NYSE:AOL) announced its earnings results on Wednesday. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.10, StockRatingsNetwork reports. The company had revenue of $606.80 million for the quarter, compared to the consensus estimate of $595.51 million.
AOL has been the subject of a number of recent research reports. Analysts at Nomura cut their price target on shares of AOL from $46.00 to $43.00 in a research note on Wednesday, May 14th. On a related note, analysts at Macquarie cut their price target on shares of AOL from $47.00 to $40.00 in a research note on Friday, May 9th. Finally, analysts at Cowen and Company cut their price target on shares of AOL from $52.00 to $49.00 in a research note on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $49.09.
Shares of AOL (NYSE:AOL) opened at 39.00 on Wednesday. AOL has a 1-year low of $32.19 and a 1-year high of $53.28. The stock has a 50-day moving average of $39.25 and a 200-day moving average of $41.37. The company has a market cap of $3.118 billion and a price-to-earnings ratio of 42.71.
AOL Inc (NYSE:AOL) is a global Web services company with a range of brands and offerings, and a global audience.
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