GT Advanced Technologies, Inc. (GTAT) Issues FY12 Earnings Guidance
GT Advanced Technologies, Inc. (GTAT) issued an update on its FY12 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.30-1.40 for the period. GT Advanced Technologies also updated its Q3 guidance to ($0.05)-0.02 EPS.
GT Advanced Technologies, Inc. (GTAT) opened at 6.59 on Wednesday. GT Advanced Technologies, Inc. (GTAT) has a 52-week low of $3.92 and a 52-week high of $9.89. The company has a market cap of $780.5 million and a price-to-earnings ratio of 5.65.
GT Advanced Technologies last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.10. The company’s quarterly revenue was down 27.6% on a year-over-year basis.
A number of analysts have recently weighed in on GTAT shares. Analysts at Gilford Securities reiterated a buy rating on shares of GT Advanced Technologies in a research note to investors on Wednesday, September 12th. On a related note, analysts at Piper Jaffray reiterated an overweight rating on shares of GT Advanced Technologies in a research note to investors on Monday, September 10th. Finally, analysts at UBS AG reiterated a buy rating on shares of GT Advanced Technologies in a research note to investors on Monday, August 20th.
GT Advanced Technologies Inc., formerly GT Solar International, Inc., through its subsidiaries, is a global provider of polysilicon production technology and multicrystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry, and sapphire growth systems and material for the light emitting diode (LED) and other specialty markets.
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