SFX Entertainment (SFXE) Posts Quarterly Earnings Results, Misses Expectations By $0.34 EPS
SFX Entertainment (NASDAQ:SFXE) announced its earnings results on Thursday. The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.34, StockRatingsNetwork reports. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $82.90 million.
Shares of SFX Entertainment (NASDAQ:SFXE) opened at 6.49 on Thursday. SFX Entertainment has a 52 week low of $5.41 and a 52 week high of $13.39. The stock has a 50-day moving average of $7.09 and a 200-day moving average of $7.54. The company’s market cap is $579.1 million.
On a related note, analysts at Albert Fried & Company initiated coverage on shares of SFX Entertainment in a research note on Monday, June 30th. They set an “overweight” rating and a $11.00 price target on the stock.
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