West Corp (WSTC) Releases FY14 Earnings Guidance
West Corp (NASDAQ:WSTC) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.72-2.89 for the period, compared to the Thomson Reuters consensus estimate of $2.79, Stock Ratings Network.com reports. The company issued revenue guidance of $2.7-2.55 billion, compared to the consensus revenue estimate of $2.74 billion.
On a related note, analysts at Zacks upgraded shares of West Corp from an underperform rating to a neutral rating in a research note on Monday, April 7th. They now have a $24.50 price target on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. West Corp presently has an average rating of Hold and an average price target of $26.83.
Shares of West Corp (NASDAQ:WSTC) opened at 24.36 on Wednesday. West Corp has a one year low of $20.63 and a one year high of $26.39. The stock has a 50-day moving average of $24.2 and a 200-day moving average of $24.19. The company has a market cap of $2.045 billion and a P/E ratio of 11.20.
West Corp (NASDAQ:WSTC) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.05. The company had revenue of $676.20 million for the quarter, compared to the consensus estimate of $661.07 million. During the same quarter last year, the company posted $0.68 earnings per share. West Corp’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that West Corp will post $2.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 1st.
West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.
Stay on top of analysts' upgrades and downgrades with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' ratings changes. Register Now.