Zacks Downgrades RealD to Underperform (RLD)
RealD (NYSE:RLD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Friday. They currently have a $8.80 price objective on the stock. Zacks‘s target price points to a potential downside of 6.68% from the company’s current price.
RealD (NYSE:RLD) traded up 2.28% during mid-day trading on Friday, hitting $9.43. 198,921 shares of the company’s stock traded hands. RealD has a one year low of $6.19 and a one year high of $13.18. The stock has a 50-day moving average of $11.03 and a 200-day moving average of $10.9. The company’s market cap is $471.3 million. RealD also was the target of some unusual options trading activity on Thursday. Stock investors acquired 640 call options on the company. This is an increase of approximately 308% compared to the typical volume of 157 call options.
RealD (NYSE:RLD) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.01. The company had revenue of $55.40 million for the quarter, compared to the consensus estimate of $61.12 million. During the same quarter last year, the company posted ($0.03) earnings per share. RealD’s revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that RealD will post $-0.16 earnings per share for the current fiscal year.
Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of RealD from $15.00 to $13.75 in a research note on Wednesday.
RealD Inc is a licensor of three dimensional (NYSE:RLD) technologies.
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