Steel Excel (ADPT) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Share on StockTwits

Steel Excel (NASDAQ:ADPT) posted its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.11) by $0.11, Analyst Ratings Network.com reports. The company had revenue of $44.20 million for the quarter, compared to the consensus estimate of $43.50 million. Steel Excel’s revenue was up 80.4% compared to the same quarter last year.

Shares of Steel Excel (NASDAQ:ADPT) traded up 0.99% on Thursday, hitting $24.49. 8,005 shares of the company’s stock traded hands. Steel Excel has a one year low of $23.35 and a one year high of $28.36. The stock’s 50-day moving average is $25.33 and its 200-day moving average is $25.33. The company’s market cap is $229.6 million.

A number of analysts have recently weighed in on ADPT shares. Analysts at Dougherty & Co initiated coverage on shares of Steel Excel in a research note on Monday, July 21st. They set a “buy” rating on the stock. On the ratings front, analysts at Morgan Stanley initiated coverage on shares of Steel Excel in a research note on Monday, July 21st. They set an “equal weight” rating on the stock. Finally, analysts at Piper Jaffray initiated coverage on shares of Steel Excel in a research note on Monday, July 21st. They set an “overweight” rating and a $32.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $30.83.

Steel Excel Inc, formerly ADPT Corp. is primarily focused on capital redeployment and identification of new business operations.

Receive News & Ratings for Steel Excel Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Excel Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Philips Announced Spinoff on Track but Posts Loss
Philips Announced Spinoff on Track but Posts Loss
Honeywell Profit Passes Forecast, Seeking Deals
Honeywell Profit Passes Forecast, Seeking Deals
Amazon Now Has Grocery Delivery in Brooklyn
Amazon Now Has Grocery Delivery in Brooklyn
Google Disappoints on Slowdown of Advertising Growth
Google Disappoints on Slowdown of Advertising Growth
Nestle Sales Growth Slows Spooking Investors
Nestle Sales Growth Slows Spooking Investors
Intel Earnings Grow in Third Quarter
Intel Earnings Grow in Third Quarter


Leave a Reply

Advertisement
Advertisement
© 2006-2014 Ticker Report. Google+.