West Corp CFO Unloads $288,711 in Stock (WSTC)
West Corp (NASDAQ:WSTC) CFO Paul M. Mendlik unloaded 9,959 shares of West Corp stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $28.99, for a total value of $288,711.41. Following the sale, the chief financial officer now directly owns 84,162 shares in the company, valued at approximately $2,439,856. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $30.14.
West Corp (NASDAQ:WSTC) traded up 0.07% on Tuesday, hitting $29.02. 73,790 shares of the company’s stock traded hands. West Corp has a 52 week low of $21.16 and a 52 week high of $31.54. The stock’s 50-day moving average is $27.12 and its 200-day moving average is $25.63. The company has a market cap of $2.439 billion and a P/E ratio of 13.02.
West Corp (NASDAQ:WSTC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.71 earnings per share. West Corp’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that West Corp will post $2.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 26th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, August 7th.
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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