West Corporation (WSTC) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS
West Corporation (NASDAQ:WSTC) announced its quarterly earnings data on Thursday. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03, Bloomberg Earnings reports. West Corporation had a negative return on equity of 53.38% and a net margin of 8.85%. The firm had revenue of $574.39 million for the quarter, compared to analysts’ expectations of $579.40 million.
Shares of West Corporation (NASDAQ WSTC) traded up 0.04% during trading on Friday, reaching $23.34. The company had a trading volume of 340,967 shares. West Corporation has a 12 month low of $19.64 and a 12 month high of $28.57. The stock has a 50 day moving average price of $23.29 and a 200 day moving average price of $23.95. The firm has a market capitalization of $1.95 billion, a PE ratio of 9.77 and a beta of 1.59.
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In other news, insider Rodney J. Kempkes sold 1,160 shares of West Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $23.15, for a total transaction of $26,854.00. Following the sale, the insider now owns 62,275 shares of the company’s stock, valued at approximately $1,441,666.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rodney J. Kempkes sold 3,382 shares of West Corporation stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $23.35, for a total value of $78,969.70. Following the sale, the insider now directly owns 55,511 shares in the company, valued at approximately $1,296,181.85. The disclosure for this sale can be found here. Insiders have sold a total of 7,924 shares of company stock worth $184,523 in the last three months. 4.60% of the stock is owned by insiders.
WSTC has been the topic of several research analyst reports. Zacks Investment Research upgraded West Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, May 19th. Deutsche Bank AG cut West Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. William Blair cut West Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 10th. Wells Fargo & Company restated a “market perform” rating and set a $23.50 price objective on shares of West Corporation in a research note on Wednesday, May 10th. Finally, Robert W. Baird cut West Corporation from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $28.00 to $24.00 in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. West Corporation has a consensus rating of “Hold” and a consensus target price of $24.88.
About West Corporation
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
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