Textura Corp (TXTR) Posts Quarterly Results
Textura Corp (NASDAQ:TXTR) posted its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01, American Banking and Market News reports. The company had revenue of $14.96 million for the quarter, compared to the consensus estimate of $14.86 million. During the same quarter in the previous year, the company posted ($0.75) earnings per share. The company’s revenue for the quarter was up 59.8% on a year-over-year basis. Textura Corp updated its Q3 guidance to ($0.06)-($0.09) EPS and its FY14 guidance to ($0.41)-($0.32) EPS.
Textura Corp (NASDAQ:TXTR) traded down 2.57% during mid-day trading on Wednesday, hitting $26.55. The stock had a trading volume of 360,381 shares. Textura Corp has a 52 week low of $13.80 and a 52 week high of $47.25. The stock has a 50-day moving average of $24.64 and a 200-day moving average of $24.03. The company’s market cap is $660.6 million.
TXTR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Textura Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. They now have a $25.90 price target on the stock. On the ratings front, analysts at Credit Suisse reiterated an “outperform” rating on shares of Textura Corp in a research note on Thursday, May 8th. They now have a $41.00 price target on the stock, down previously from $50.00. Finally, analysts at JMP Securities reiterated a “market outperform” rating on shares of Textura Corp in a research note on Thursday, May 8th. They now have a $30.00 price target on the stock, down previously from $41.00. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $31.73.
Textura Corporation is a provider of on-demand business collaboration software to the commercial construction industry.
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