Separately, analysts at Needham & Company upgraded shares of Aeroflex Holding from a ?hold? rating to a ?buy? rating in a research note to investors on Thursday, November 8th. They now have a $8.00 price target on the stock.
Two investment analysts have rated the stock with a buy rating, and three have given a hold rating to the company. The stock currently has a consensus rating of ?overweight? and an average target price of $8.17.
Shares of Aeroflex Holding traded down 4.28% during mid-day trading on Tuesday, hitting $7.60. Aeroflex Holding has a one year low of $5.00 and a one year high of $13.89. The stock?s 50-day moving average is currently $6.74. The company?s market cap is $644.9 million.
Aeroflex Holding last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.03. The company had revenue of $141.20 million for the quarter, compared to the consensus estimate of $137.20 million. During the same quarter in 2012, the company posted $0.08 earnings per share. Aeroflex Holding?s revenue was down 8.4% compared to the same quarter last year. Aeroflex Holding has set its Q2 guidance at $0.06-0.09 EPS. Analysts expect that Aeroflex Holding will post $0.41 EPS for the current fiscal year.
Aeroflex Holding Corp. (Aeroflex Holding), formerly AX Holding Corp., is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems. To view Zacks? full report, visit www.zacks.com
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