Cenveo (CVO) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS
Cenveo (NYSE:CVO) announced its earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.06, Analyst RN reports. The company had revenue of $479.40 million for the quarter, compared to the consensus estimate of $480.35 million.
On a related note, analysts at CRT Capital raised their price target on shares of Cenveo from $3.75 to $5.50 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock.
Cenveo (NYSE:CVO) traded up 0.56% during mid-day trading on Wednesday, hitting $3.56. 347,885 shares of the company’s stock traded hands. Cenveo has a one year low of $2.11 and a one year high of $3.92. The stock has a 50-day moving average of $3.56 and a 200-day moving average of $3.29. The company’s market cap is $236.2 million.
Cenveo, Inc is a diversified printing company in North America. Its portfolio of products includes commercial printing, envelope converting, label manufacturing and specialty packaging production.
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