West Corp (WSTC) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.71. The company posted revenue of $570.80 million in the period, compared to analysts expectations of $566.80 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.
Many Wall Street Analysts have commented on West Corp. West Corp was Downgraded by Morgan Stanley to ” Underweight” on Apr 7, 2016. Shares were Reiterated by Barclays on Feb 3, 2016 to “Equal Weight” and Lowered the Price Target to $ 22 from a previous price target of $29 .Shares were Reiterated by Deutsche Bank on Feb 3, 2016 to “Buy” and Lowered the Price Target to $ 23 from a previous price target of $30 .
West Corp closed down -0.03 points or -0.14% at $22.12 with 2,21,825 shares getting traded on Wednesday. Post opening the session at $22.1, the shares hit an intraday low of $21.575 and an intraday high of $22.21 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 8, 2015, Rodney J. Kempkes (Chief Administrative Officer) sold 2,000 shares at $25.19 per share price. According to the SEC, on Sep 1, 2015, Gregory T Sloma (director) purchased 4,000 shares at $24.07 per share price. On Aug 27, 2015, Lee Adrean (director) purchased 4,000 shares at $22.86 per share price, according to the Form-4 filing with the securities and exchange commission.
West Corporation (West) is a provider of technology-enabled communication services. The Company offers a range of communication and network infrastructure solutions that helps to manage or support communications. The Company operates in two segments: Unified Communications including conferencing and collaboration Internet protocol (IP) communications and interactive services and Communication Services including safety services telecom services and specialized agent services. Its solutions include unified communications services safety services interactive services such as automated notifications telecom services and agent services. The Company offers its services to small and medium enterprises in a variety of industries including telecommunications retail financial services safety education technology and healthcare. The Company’s operates in the United States Canada Europe the Middle East Asia-Pacific Latin America and South America.