Solera Holdings Receives Average Rating of “Hold” from Analysts (NYSE:SLH)
Shares of Solera Holdings (NYSE:SLH) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the company, Stock Ratings Network reports. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $69.61.
Solera Holdings (NYSE:SLH) opened at 60.20 on Friday. Solera Holdings has a 1-year low of $50.39 and a 1-year high of $71.15. The stock’s 50-day moving average is $64.97 and its 200-day moving average is $65.60. The company’s market cap is $4.127 billion.
Solera Holdings (NYSE:SLH) last announced its earnings results on Tuesday, August 26th. The company reported $0.70 earnings per share 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. On average, analysts predict that Solera Holdings will post $3.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 23rd. Stockholders 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 1.30%. The ex-dividend date of this dividend is Friday, September 5th. This is a boost from Solera Holdings’s previous quarterly dividend of $0.17.
A number of analysts have recently weighed in on SLH shares. 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.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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