Precision Castparts Corp. (NYSE:PCP) will release its Q1 2014 earnings data before the market opens on Thursday, July 25th.
Precision Castparts Corp. (NYSE:PCP) last posted its quarterly earnings results on Thursday, May 9th. The company reported $2.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.76 by $0.06. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company posted $2.30 earnings per share. Precision Castparts Corp.’s revenue was up 25.3% compared to the same quarter last year. On average, analysts expect Precision Castparts Corp. to post $12.22 EPS for the current fiscal year and $14.17 EPS for the next fiscal year.
Precision Castparts Corp. (NYSE: PCP) traded down 0.52% on Wednesday, hitting $234.51. Precision Castparts Corp. has a 52-week low of $150.53 and a 52-week high of $254.14. The stock’s 50-day moving average is currently $224.5. The company has a market cap of $34.317 billion and a price-to-earnings ratio of 24.25.
Several analysts have recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of Precision Castparts Corp. from $247.00 to $281.00 in a research note to investors on Thursday, July 11th. They now have a “buy” rating on the stock. On the ratings front, analysts at UBS AG raised their price target on shares of Precision Castparts Corp. from $218.00 to $268.00 in a research note to investors on Monday, July 8th. They now have a “buy” rating on the stock. Finally, analysts at Drexel Hamilton reiterated a “buy” rating on shares of Precision Castparts Corp. in a research note to investors on Monday, July 8th. They now have a $260.00 price target on the stock.
Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $238.68.
Precision Castparts Corp. (NYSE: PCP) is a manufacturer of metal components and products, provides investment castings, forgings and fasteners/fastener systems for critical aerospace and industrial gas turbine (IGT) applications.
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