Shares of West Corp. (NASDAQ:WSTC) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.00.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut West Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 7th. Deutsche Bank AG upped their price target on West Corp. from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd.
In other West Corp. news, insider Rodney J. Kempkes sold 2,780 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $22.25, for a total transaction of $61,855.00. Following the transaction, the insider now owns 73,592 shares of the company’s stock, valued at approximately $1,637,422. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Etzler sold 15,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $24.00, for a total value of $360,000.00. Following the transaction, the insider now directly owns 206,999 shares in the company, valued at approximately $4,967,976. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. LSV Asset Management raised its position in shares of West Corp. by 152.4% in the second quarter. LSV Asset Management now owns 5,300 shares of the company’s stock worth $104,000 after buying an additional 3,200 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of West Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,403 shares of the company’s stock worth $126,000 after buying an additional 775 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of West Corp. by 125.8% in the second quarter. Acrospire Investment Management LLC now owns 7,000 shares of the company’s stock worth $138,000 after buying an additional 3,900 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of West Corp. by 87.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,725 shares of the company’s stock worth $152,000 after buying an additional 3,607 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of West Corp. during the second quarter worth $197,000. 55.09% of the stock is currently owned by institutional investors.
West Corp. (NASDAQ:WSTC) opened at 22.08 on Monday. The stock’s 50 day moving average price is $22.71 and its 200-day moving average price is $21.98. The company has a market cap of $1.83 billion, a P/E ratio of 9.85 and a beta of 1.48. West Corp. has a 52-week low of $17.26 and a 52-week high of $26.52.
West Corp. (NASDAQ:WSTC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $582.40 million for the quarter, compared to analysts’ expectations of $576.84 million. West Corp. had a negative return on equity of 44.40% and a net margin of 8.24%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, equities analysts predict that West Corp. will post $3.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 22nd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Thursday, August 18th. West Corp.’s dividend payout ratio (DPR) is presently 40.18%.
West Corp. Company Profile
West Corporation (West) is a global 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 through four segments: Unified Communications Services, which includes collaboration services, Unified Communications as a Service (UCaaS) and telecom services; Safety Services, which includes 9-1-1 network services, 9-1-1 telephony systems and services, 9-1-1 solutions for enterprises and database management; Interactive Services, which includes notifications and mobility, interactive voice response (IVR) self-service, cloud contact center and professional services, and Specialized Agent Services, which includes healthcare advocacy services, cost management services and revenue generation.
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