Accuride Corp (ACW) Releases Quarterly Earnings Results
Accuride Corp (NYSE: ACW) released its earnings data on Wednesday. The company reported ($3.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by $2.86. The company had revenue of $176.26 million for the quarter, compared to the consensus estimate of $169.13 million. The company’s revenue for the quarter was down 27.3% on a year-over-year basis.
ACW has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Accuride Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, February 12th. They now have a $3.60 price target on the stock.
One research analyst has rated the stock with a buy rating, and one has issued a hold rating to the company. The stock has an average rating of “overweight” and a consensus target price of $5.50.
Accuride Corp (ACW) traded up 4.41% on Wednesday, hitting $4.50. Accuride Corp (ACW) has a 1-year low of $2.21 and a 1-year high of $9.14. The stock’s 50-day moving average is currently $3.84. The company’s market cap is $213.2 million.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
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