MA-Com Technology Solutions Holdings Inc (NASDAQ:MTSI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.23-0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.27, Analyst Ratings News reports. The company issued revenue guidance of $80-85 million, compared to the consensus revenue estimate of $86.03 million.
MTSI has been the subject of a number of recent research reports. Analysts at Stephens upgraded shares of MA-Com Technology Solutions Holdings from an equal weight rating to an overweight rating in a research note to investors on Monday, October 21st. Analysts at Goldman Sachs Group Inc. downgraded shares of MA-Com Technology Solutions Holdings from a buy rating to a neutral rating in a research note to investors on Tuesday, October 8th. They now have a $17.00 price target on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $18.04.
MA-Com Technology Solutions Holdings Inc (NASDAQ:MTSI) traded down 3.96% during mid-day trading on Tuesday, hitting $16.73. The stock had a trading volume of 75,144 shares. MA-Com Technology Solutions Holdings Inc has a one year low of $10.01 and a one year high of $18.25. The stock’s 50-day moving average is $17.17 and its 200-day moving average is $15.45. The company has a market cap of $772.6 million and a price-to-earnings ratio of 20.07.
MA-Com Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, November 5th. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.25. The company had revenue of $83.70 million for the quarter, compared to the consensus estimate of $84.33 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts expect that MA-Com Technology Solutions Holdings Inc will post $0.92 EPS for the current fiscal year.
M/A-COM Technology Solutions Holdings, Inc (NASDAQ:MTSI) is a provider of high-performance analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave and millimeterwave spectrum.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.