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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