Federal-Mogul Holdings Corp. (FDML) Stock Price Up 2.4%
Federal-Mogul Holdings Corp. (NASDAQ:FDML)’s share price rose 2.4% during trading on Friday . The stock traded as high as $9.40 and last traded at $9.29, with a volume of 65,151 shares. The stock had previously closed at $9.07.
FDML has been the topic of a number of research reports. FBR & Co lifted their price target on shares of Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the stock a “mkt perform” rating in a report on Tuesday, June 21st. Zacks Investment Research cut shares of Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.92.
The company’s market cap is $1.57 billion. The company has a 50 day moving average price of $8.98 and a 200-day moving average price of $8.41.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.04. During the same quarter in the previous year, the business posted $0.35 EPS. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2 billion. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts expect that Federal-Mogul Holdings Corp. will post $1.03 earnings per share for the current fiscal 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.