Solera Holdings (SLH) Releases Quarterly Earnings, Misses Expectations By $0.10 EPS
Solera Holdings (NYSE:SLH) released its earnings data on Tuesday. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.80 by $0.10, Analyst Ratings Network.com reports. 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. Solera Holdings updated its FY15 guidance to $3.17-3.32 EPS.
Shares of Solera Holdings (NYSE:SLH) opened at 67.29 on Wednesday. Solera Holdings has a one year low of $50.39 and a one year high of $71.15. The stock has a 50-day moving average of $65.36 and a 200-day moving average of $65.68. The company has a market cap of $4.630 billion and a price-to-earnings ratio of 5100.00.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 23rd. Shareholders of record on Tuesday, September 9th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.18%.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.61.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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