Federal-Mogul Holdings Corp. (FDML) Shares Down 1.8%
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) fell 1.8% during trading on Wednesday . The company traded as low as $8.46 and last traded at $8.59, with a volume of 113,955 shares trading hands. The stock had previously closed at $8.75.
A number of brokerages have commented on FDML. Zacks Investment Research lowered shares of Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. FBR & Co boosted their price target on shares of Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the company a “mkt perform” rating in a research note on Tuesday, June 21st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.92.
The stock’s market capitalization is $1.52 billion. The stock has a 50 day moving average of $8.69 and a 200-day moving average of $7.91.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.04. During the same quarter in the previous year, the company posted $0.35 EPS. The firm earned $1.92 billion during the quarter, compared to analysts’ expectations of $2 billion. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts expect that Federal-Mogul Holdings Corp. will post $1.03 earnings per share for the current year.
Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.
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