Erickson Inc. (NASDAQ:EAC) Given Average Recommendation of “Hold” by Brokerages
Erickson Inc. (NASDAQ:EAC) has received an average rating of “Hold” from the six research firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $2.00.
Several brokerages have commented on EAC. Canaccord Genuity reiterated a “hold” rating and issued a $2.00 price target on shares of Erickson in a research report on Thursday, June 9th. Bank of America Corp. reiterated a “neutral” rating on shares of Erickson in a research report on Sunday, July 31st.
Erickson (NASDAQ:EAC) traded up 19.5462% during midday trading on Wednesday, hitting $0.5743. 1,421,852 shares of the company’s stock traded hands. The company has a 50 day moving average of $0.45 and a 200-day moving average of $0.88. Erickson has a 52 week low of $0.34 and a 52 week high of $3.56. The company’s market capitalization is $7.98 million.
Erickson (NASDAQ:EAC) last issued its quarterly earnings data on Monday, August 15th. The company reported ($2.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by $2.17. Erickson had a negative net margin of 25.65% and a negative return on equity of 74.54%. The company had revenue of $50.80 million for the quarter, compared to the consensus estimate of $55 million. During the same quarter in the prior year, the firm earned ($0.73) earnings per share. Erickson’s revenue for the quarter was down 24.2% compared to the same quarter last year. Equities research analysts predict that Erickson will post ($2.65) earnings per share for the current year.
Erickson Incorporated is a provider of aviation services to both commercial and governmental entities in approximately 20 countries. The Company’s operating segments include Commercial Aviation Services, Global Defense and Security, and Manufacturing and Maintenance, Repair and Overhaul (MRO). The Company owns and operates a fleet of aircraft and provides a range of aerial services, including critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction and crewing.
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