FleetMatics Group PLC (FLTX) Updates FY14 Earnings Guidance
FleetMatics Group PLC (NASDAQ:FLTX) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.82-0.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.83, Stock Ratings Network.com reports. The company issued revenue guidance of $228-230 million, compared to the consensus revenue estimate of $228.87 million.FleetMatics Group PLC also updated its Q3 guidance to $0.21-0.23 EPS.
A number of analysts have recently weighed in on FLTX shares. Analysts at Piper Jaffray initiated coverage on shares of FleetMatics Group PLC in a research note on Wednesday, July 16th. They set an overweight rating and a $39.00 price target on the stock. On a related note, analysts at Barclays reiterated an overweight rating on shares of FleetMatics Group PLC in a research note on Friday, May 23rd. They now have a $39.00 price target on the stock, down previously from $48.00. Finally, analysts at Stifel Nicolaus reiterated a rating on shares of FleetMatics Group PLC in a research note on Wednesday, May 14th. They now have a $40.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $41.02.
FleetMatics Group PLC (NASDAQ:FLTX) traded down 2.49% on Wednesday, hitting $30.90. The stock had a trading volume of 1,365,771 shares. FleetMatics Group PLC has a one year low of $25.43 and a one year high of $52.28. The stock’s 50-day moving average is $31.61 and its 200-day moving average is $32.94. The company has a market cap of $1.154 billion and a P/E ratio of 38.51.
FleetMatics Group PLC (NASDAQ:FLTX) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.02. The company had revenue of $55.30 million for the quarter, compared to the consensus estimate of $55.07 million. During the same quarter last year, the company posted $0.23 earnings per share. FleetMatics Group PLC’s revenue was up 30.1% compared to the same quarter last year. On average, analysts predict that FleetMatics Group PLC will post $0.83 earnings per share for the current fiscal year.
Fleetmatics Group PLC (NASDAQ:FLTX) is a provider of fleet management solutions delivered as software-as-a-service (SaaS).
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