SeaChange International (NASDAQ:SEAC) announced its earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.06, AnalystRatingsNetwork.com reports. The company had revenue of $37.77 million for the quarter, compared to the consensus estimate of $41.45 million. During the same quarter last year, the company posted $0.09 earnings per share. SeaChange International’s revenue was down 3.8% compared to the same quarter last year. SeaChange International updated its Q4 guidance to $0.15-0.20 EPS.
Shares of SeaChange International (NASDAQ:SEAC) opened at 14.40 on Friday. SeaChange International has a 52 week low of $9.10 and a 52 week high of $15.25. The stock’s 50-day moving average is $14.14 and its 200-day moving average is $12.20. The company has a market cap of $473.3 million and a price-to-earnings ratio of 81.11.
Several analysts have recently commented on the stock. Analysts at Brean Capital reiterated a “buy” rating on shares of SeaChange International in a research note to investors on Tuesday. They now have a $18.00 price target on the stock, up previously from $14.00. On a related note, analysts at BWS Financial initiated coverage on shares of SeaChange International in a research note to investors on Wednesday, October 23rd. They set a “strong-buy” rating and a $30.00 price target on the stock. Finally, analysts at Noble Financial raised their price target on shares of SeaChange International from $14.00 to $16.00 in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. SeaChange International has an average rating of “Buy” and a consensus target price of $18.20.
SeaChange International, Inc (NASDAQ:SEAC) is engaged in the delivery of multi-screen video.
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