PAREXEL International Corp. (PRXL) Updates FY14 Earnings Guidance

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PAREXEL International Corp. (NASDAQ:PRXL) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.01-2.11 for the period, compared to the Thomson Reuters consensus estimate of $2.05, American Banking & Market News reports. The company issued revenue guidance of $1.92-1.93 billion, compared to the consensus revenue estimate of $1.93 billion.PAREXEL International Corp. also updated its Q3 guidance to $0.52-0.54 EPS.

PRXL has been the subject of a number of recent research reports. Analysts at ISI Group upgraded shares of PAREXEL International Corp. from a buy rating to a strong-buy rating in a research note to investors on Wednesday, January 22nd. They now have a $56.00 price target on the stock, up previously from $53.00. On a related note, analysts at Thomson Reuters/Verus downgraded shares of PAREXEL International Corp. from a buy rating to a hold rating in a research note to investors on Monday, January 20th. Finally, analysts at Thomson Reuters/Verus upgraded shares of PAREXEL International Corp. from a hold rating to a buy rating in a research note to investors on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. PAREXEL International Corp. presently has an average rating of Buy and a consensus target price of $51.51.

PAREXEL International Corp. (NASDAQ:PRXL) opened at 48.03 on Thursday. PAREXEL International Corp. has a 52-week low of $32.75 and a 52-week high of $55.02. The stock has a 50-day moving average of $45. and a 200-day moving average of $47.2. The company has a market cap of $2.714 billion and a price-to-earnings ratio of 26.65.

PAREXEL International Corp. (NASDAQ:PRXL) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.49 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.49. The company had revenue of $487.10 million for the quarter, compared to the consensus estimate of $479.49 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts predict that PAREXEL International Corp. will post $2.03 earnings per share for the current fiscal year.

PAREXEL International Corporation (NASDAQ:PRXL) is a biopharmaceutical services company, providing a range of expertise in clinical research, medical communications, consulting, and advanced technology products and services to the worldwide pharmaceutical, biotechnology, and medical device industries.

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