UTi Worldwide (UTIW) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS
UTi Worldwide (NASDAQ:UTIW) announced its earnings results on Thursday. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.08, ARN reports. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.14 billion.
On the ratings front, analysts at Zacks downgraded shares of UTi Worldwide from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $8.90 price target on the stock. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. UTi Worldwide has an average rating of “Hold” and an average price target of $11.90.
UTi Worldwide (NASDAQ:UTIW) opened at 9.07 on Thursday. UTi Worldwide has a 1-year low of $9.00 and a 1-year high of $17.70. The stock has a 50-day moving average of $9.62 and a 200-day moving average of $10.30. The company’s market cap is $955.9 million.
UTi Worldwide Inc is an international, non-asset-based supply chain services and solutions company that provides services through a global network of freight forwarding offices and contract logistics and distribution centers in a total of 59 countries.
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