West Corp Sets New 1-Year High at $31.54 (WSTC)
Shares of West Corp (NASDAQ:WSTC) reached a new 52-week high on Thursday , AnalystRatingsNetwork reports. The stock traded as high as $31.54 and last traded at $27.96, with a volume of 170,645 shares. The stock had previously closed at $26.66.
WSTC has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of West Corp in a research note on Monday, August 4th. They now have a $31.00 price target on the stock, up previously from $27.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of West Corp in a research note on Monday, August 4th. They now have a $31.00 price target on the stock, up previously from $28.00. Finally, analysts at Evercore Partners raised their price target on shares of West Corp from $28.00 to $33.00 in a research note on Tuesday, July 1st. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. West Corp has an average rating of “Buy” and an average price target of $30.14.
The stock has a 50-day moving average of $26.80 and a 200-day moving average of $25.3. The company has a market cap of $2.374 billion and a price-to-earnings ratio of 11.97.
West Corp (NASDAQ:WSTC) last announced its earnings results on Thursday, July 31st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.03. The company had revenue of $691.10 million for the quarter, compared to the consensus estimate of $681.88 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that West Corp will post $2.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Shareholders of record on Monday, August 11th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, August 7th.
In other West Corp news, CFO Paul M. Mendlik sold 2,142 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.99, for a total value of $59,954.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.
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