Checkpoint Systems Inc. (NYSE:CKP) updated its FY13 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.40-0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.67, American Banking News.com reports. The company issued revenue guidance of $680-695 million, compared to the consensus revenue estimate of $689.05 million.
On a related note, analysts at Imperial Capital upgraded shares of Checkpoint Systems from an in-line rating to an outperform rating in a research note to investors on Monday, August 12th. They now have a $20.00 price target on the stock, up previously from $15.00.
Shares of Checkpoint Systems Inc. (NYSE:CKP) traded down 0.29% during mid-day trading on Wednesday, hitting $17.39. 171,740 shares of the company’s stock traded hands. Checkpoint Systems Inc. has a 52-week low of $7.71 and a 52-week high of $18.25. The stock’s 50-day moving average is $17.10 and its 200-day moving average is $15.20. The company’s market cap is $716.4 million.
Checkpoint Systems (NYSE:CKP) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.07. The company had revenue of $174.47 million for the quarter, compared to the consensus estimate of $174.55 million. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Checkpoint Systems Inc. will post $0.65 earnings per share for the current fiscal year.
Checkpoint Systems, Inc is a global manufacturer and provider of technology-driven, loss prevention, inventory management and labeling solutions to the retail and apparel industry.
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