Dot Hill Systems Corp. (HILL) Releases Q3 Earnings Guidance
Dot Hill Systems Corp. (NASDAQ:HILL) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.01-0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.04, StockRatingsNetwork.com reports. The company issued revenue guidance of $50-58 million, compared to the consensus revenue estimate of $54.43 million.Dot Hill Systems Corp. also updated its FY14 guidance to ~$0.18 EPS.
Dot Hill Systems Corp. (NASDAQ:HILL) traded up 1.25% on Thursday, hitting $3.645. 38,120 shares of the company’s stock traded hands. Dot Hill Systems Corp. has a 1-year low of $2.04 and a 1-year high of $6.06. The stock’s 50-day moving average is $3.82 and its 200-day moving average is $4.17. The company has a market cap of $220.1 million and a price-to-earnings ratio of 73.47.
Dot Hill Systems Corp. (NASDAQ:HILL) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $48.20 million for the quarter, compared to the consensus estimate of $51.50 million. On average, analysts predict that Dot Hill Systems Corp. will post $0.17 earnings per share for the current fiscal year.
A number of research firms have recently commented on HILL. Analysts at Roth Capital initiated coverage on shares of Dot Hill Systems Corp. in a research note on Friday, June 27th. They set a buy rating and a $7.00 price target on the stock. Analysts at Sidoti initiated coverage on shares of Dot Hill Systems Corp. in a research note on Tuesday, June 24th. They set a buy rating on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $6.67.
Dot Hill Systems Corp. (NASDAQ:HILL) is engaged in designing, manufacturing and marketing a range of software and hardware storage systems for the entry and mid-range storage markets.
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