Solera Holdings Inc. (SLH) Updates FY15 Earnings Guidance
Solera Holdings Inc. (NYSE:SLH) updated its FY15 earnings guidance on Tuesday. The company provided EPS guidance of $3.17-3.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36, AnalystRatings.NET reports. The company issued revenue guidance of $1.15-1.17 billion, compared to the consensus revenue estimate of $1.12 billion.
SLH has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Solera Holdings from an underperform rating to a neutral rating in a research note on Tuesday. They now have a $67.30 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Solera Holdings presently has an average rating of Hold and a consensus price target of $69.61.
Solera Holdings Inc. (NYSE:SLH) traded up 1.49% during mid-day trading on Tuesday, hitting $67.29. 292,001 shares of the company’s stock traded hands. Solera Holdings Inc. has a 52-week low of $50.39 and a 52-week high of $71.15. The stock has a 50-day moving average of $65.38 and a 200-day moving average of $65.66. The company has a market cap of $4.630 billion and a P/E ratio of 5100.00.
Solera Holdings (NYSE:SLH) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.70 EPS for the quarter, missing the analysts’ consensus estimate of $0.80 by $0.10. The company had revenue of $267.90 million for the quarter, compared to the consensus estimate of $265.78 million. During the same quarter last year, the company posted $0.68 earnings per share. Solera Holdings’s revenue was up 22.6% compared to the same quarter last year. Analysts expect that Solera Holdings Inc. will post $2.86 EPS for the current fiscal year.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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