MICROS Systems (MCRS) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS
MICROS Systems (NASDAQ:MCRS) released its earnings data on Thursday. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.13, American Banking & Market News reports. The company had revenue of $396.15 million for the quarter, compared to the consensus estimate of $360.72 million.
A number of analysts have recently weighed in on MCRS shares. Analysts at Northcoast Research downgraded shares of MICROS Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 24th. On a related note, analysts at Wedbush downgraded shares of MICROS Systems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. Finally, analysts at RBC Capital downgraded shares of MICROS Systems from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 24th. They now have a $68.00 price target on the stock, up previously from $63.00. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. MICROS Systems currently has a consensus rating of “Hold” and an average target price of $59.50.
Shares of MICROS Systems (NASDAQ:MCRS) traded up 0.12% on Thursday, hitting $67.91. The stock had a trading volume of 735,308 shares. MICROS Systems has a 52 week low of $47.80 and a 52 week high of $70.24. The stock’s 50-day moving average is $67.7 and its 200-day moving average is $58.02. The company has a market cap of $5.081 billion and a P/E ratio of 31.40.
MICROS Systems, Inc (NASDAQ:MCRS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.
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