Federal-Mogul Holdings Corp. (FDML) Shares Up 2.4%
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) shot up 2.4% during trading on Friday . The company 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.
A number of brokerages have commented on FDML. Zacks Investment Research lowered Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. FBR & Co boosted their price objective on 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. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Federal-Mogul Holdings Corp. has an average rating of “Hold” and a consensus price target of $9.92.
The firm’s market cap is $1.57 billion. The firm 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 posted its earnings results 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. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts forecast 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.
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