Pall Corp. Trading Up 3.4% After Better-Than-Expected Earnings (PLL)
Pall Corp. (NYSE:PLL) was up 3.4% on Thursday following a stronger than expected earnings report, Analyst RN reports. The company traded as high as $84.26 and last traded at $83.45, with a volume of 1,676,444 shares trading hands. The stock had previously closed at $80.72.
The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $800.00 million for the quarter, compared to the consensus estimate of $769.43 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pall Corp. in a research note on Tuesday, June 3rd. They now have a $83.00 price target on the stock, up previously from $80.00. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.50.
The stock has a 50-day moving average of $80.38 and a 200-day moving average of $84.39. The company has a market cap of $9.156 billion and a price-to-earnings ratio of 27.60.
Pall Corporation is a filtration, separation and purification company. The Company is a supplier of filtration, separation and purification technologies, principally made by the Company using its engineering capability and fluid management, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases.
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