Cameron International Corp (CAM) Issues Q4 Earnings Guidance
Cameron International Corp (CAM) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.95-0.97 for the period.
Shares of Cameron International Corp (CAM) traded down 2.67% during mid-day trading on Wednesday, hitting $49.87. Cameron International Corp (CAM) has a one year low of $38.38 and a one year high of $60.00. The company has a market cap of $12.282 billion and a P/E ratio of 22.18.
Cameron International Corp last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. The company’s quarterly revenue was up 31.6% on a year-over-year basis. Analysts expect that Cameron International Corp (CAM) will post $3.23 EPS for the current fiscal year.
Several analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Cameron International Corp in a research note to investors on Tuesday, October 16th. They set an outperform rating on the stock. On a related note, analysts at Lazard initiated coverage on shares of Cameron International Corp in a research note to investors on Friday, September 28th. They set a buy rating and a $69.00 price target on the stock. Finally, analysts at Global Hunter Securities reiterated a buy rating on shares of Cameron International Corp in a research note to investors on Monday, September 24th. They now have a $67.00 price target on the stock.
Cameron International Corporation (Cameron) provides flow equipment products, systems and services to global oil, gas and process industries.
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