Federal-Mogul Holdings Corp. (FDML) Trading 2.1% Higher
Federal-Mogul Holdings Corp. (NASDAQ:FDML) shares traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as $9.24 and last traded at $9.12, with a volume of 90,619 shares. The stock had previously closed at $8.93.
FDML has been the subject of a number of research analyst reports. FBR & Co upped their target price on Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the company a “mkt perform” rating in a research report on Tuesday, June 21st. Zacks Investment Research cut Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.92.
The stock’s 50 day moving average price is $8.82 and its 200 day moving average price is $8.19. The stock’s market capitalization is $1.54 billion.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by $0.04. During the same quarter in the previous year, the business earned $0.35 earnings per share. The business earned $1.92 billion during the quarter, compared to the consensus estimate of $2 billion. Federal-Mogul Holdings Corp.’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts anticipate 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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