Zipcar (NYSE: ZIP) released its earnings data on Friday. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $70.70 million for the quarter, compared to the consensus estimate of $69.93 million.
Several analysts have also recently commented on the stock. Analysts at Oppenheimer reiterated a “perform” rating on shares of Zipcar in a research note to investors on Thursday, January 3rd. On a related note, analysts at MKM Partners upgraded shares of Zipcar from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, January 3rd. Finally, analysts at JPMorgan Chase cut their price target on shares of Zipcar from $13.00 to $12.25 in a research note to investors on Wednesday, January 2nd. They now have a “neutral” rating on the stock.
Zipcar (ZIP) opened at 12.23 on Friday. Zipcar (ZIP) has a 52-week low of $5.90 and a 52-week high of $15.12. The stock’s 50-day moving average is currently $11.86. The company has a market cap of $490.0 million and a price-to-earnings ratio of 109.29.
Zipcar, Inc. (Zipcar) operates a car sharing network. The Company provides over 400,000 members, also known as Zipsters, with self-service vehicles that are located in reserved parking spaces throughout the neighborhoods where they live and work.
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