SeaChange International (SEAC) Releases FY15 Earnings Guidance
SeaChange International (NASDAQ:SEAC) updated its FY15 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.12)-$0.02 for the period, compared to the Thomson Reuters consensus estimate of ($0.13), Analyst Ratings Network.com reports. The company issued revenue guidance of $125-130 million, compared to the consensus revenue estimate of $126.46 million.SeaChange International also updated its Q3 guidance to ($0.09)-($0.05) EPS.
On a related note, analysts at Brean Capital cut their price target on shares of SeaChange International from $14.00 to $11.00 in a research note on Friday, June 6th. They now have a buy rating on the stock. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. SeaChange International currently has an average rating of Buy and a consensus price target of $19.00.
SeaChange International (NASDAQ:SEAC) traded up 5.20% on Thursday, hitting $7.89. The stock had a trading volume of 311,681 shares. SeaChange International has a one year low of $7.17 and a one year high of $15.25. The stock has a 50-day moving average of $7.59 and a 200-day moving average of $9.03. The company’s market cap is $259.0 million.
SeaChange International (NASDAQ:SEAC) last issued its quarterly earnings data on Thursday, September 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.10. The company had revenue of $29.80 million for the quarter, compared to the consensus estimate of $26.80 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, analysts predict that SeaChange International will post $-0.19 earnings per share for the current fiscal year.
SeaChange International, Inc (NASDAQ:SEAC) is engaged in the delivery of multi-screen video.
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