Cryolife (NYSE:CRY) shares were down 6.2% during mid-day trading on
Tuesday after the company announced weaker than expected quarterly
earnings, Stock Ratings Network
reports. The company traded as low as $10.52 and last traded at $10.60,
with a volume of 119,108 shares traded. The stock had previously closed
at $11.30.
The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.01. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.42 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 13th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, March 11th.
Separately, analysts at Piper Jaffray upgraded shares of Cryolife from a “neutral” rating to an “overweight” rating and set a $15.00 price target on the stock in a research note on Friday, January 2nd.
The stock’s 50-day moving average is $11. and its 200-day moving average is $10.56. The company has a market cap of $296.7 million and a P/E ratio of 22.47.
Read more at Click here / www.trade4x.net
The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.01. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.42 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 13th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, March 11th.
Separately, analysts at Piper Jaffray upgraded shares of Cryolife from a “neutral” rating to an “overweight” rating and set a $15.00 price target on the stock in a research note on Friday, January 2nd.
The stock’s 50-day moving average is $11. and its 200-day moving average is $10.56. The company has a market cap of $296.7 million and a P/E ratio of 22.47.
Read more at Click here / www.trade4x.net
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