Norcraft Companies (NCFT) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Norcraft Companies (NASDAQ:NCFT) announced its earnings results on Wednesday. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.04, Analyst Ratings Network reports. The company had revenue of $97.60 million for the quarter, compared to the consensus estimate of $100.37 million.
On a related note, analysts at KeyCorp upgraded shares of Norcraft Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 7th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Norcraft Companies presently has an average rating of “Buy” and a consensus price target of $18.50.
Shares of Norcraft Companies (NASDAQ:NCFT) opened at 14.32 on Wednesday. Norcraft Companies has a 52-week low of $13.09 and a 52-week high of $19.82. The stock’s 50-day moving average is $14.08 and its 200-day moving average is $15.94. The company’s market cap is $247.9 million.
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