International Rectifier Corp. Cut to “Market Perform” at Raymond James (IRF)
International Rectifier Corp. (NYSE:IRF) was downgraded by Raymond James to a “market perform” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Shares of International Rectifier Corp. (NYSE:IRF) opened at 39.10 on Thursday. International Rectifier Corp. has a 1-year low of $22.78 and a 1-year high of $39.50. The stock has a 50-day moving average of $27.02 and a 200-day moving average of $26.75. The company has a market cap of $2.787 billion and a P/E ratio of 47.77.
International Rectifier Corp. (NYSE:IRF) last released its earnings data on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $297.60 million for the quarter. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that International Rectifier Corp. will post $0.96 earnings per share for the current fiscal year.
International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.
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