Federal-Mogul Holdings Corp. (FDML) Stock Price Down 2.2%
Federal-Mogul Holdings Corp. (NASDAQ:FDML) fell 2.2% during mid-day trading on Monday . The stock traded as low as $9.00 and last traded at $9.09, with a volume of 88,943 shares trading hands. The stock had previously closed at $9.29.
Several brokerages have recently issued reports on FDML. FBR & Co raised their price target 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 downgraded Federal-Mogul Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.92.
The firm’s market cap is $1.53 billion. The stock’s 50 day moving average is $8.98 and its 200 day moving average is $8.41.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last issued its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) 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. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. On average, analysts predict that Federal-Mogul Holdings Corp. will post $1.03 EPS 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.