According to Zacks, “FEDERAL MOGUL CORPORATION is a leading global supplier of powertrain, chassis and safety technologies, serving the world’s foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The company’s leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its sustainable global profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The company is headquartered in Southfield, Michigan, and employs 50,000 people in 35 countries. “
Separately, FBR & Co upped their price objective on Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the stock a mkt perform rating in a report on Tuesday, June 21st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Federal-Mogul Holdings Corp. currently has an average rating of Hold and a consensus price target of $9.92.
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) opened at 9.51 on Monday. The company has a 50-day moving average of $9.23 and a 200 day moving average of $8.96. The stock’s market capitalization is $1.61 billion. Federal-Mogul Holdings Corp. has a one year low of $3.81 and a one year high of $10.00.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.04. Federal-Mogul Holdings Corp. had a positive return on equity of 15.64% and a negative net margin of 0.74%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company earned $0.35 EPS. The company’s revenue was down 1.9% on a year-over-year basis. Equities research analysts forecast that Federal-Mogul Holdings Corp. will post $1.00 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Advisors LLC raised its stake in Federal-Mogul Holdings Corp. by 2.4% in the second quarter. BlackRock Advisors LLC now owns 13,319 shares of the company’s stock valued at $111,000 after buying an additional 309 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Federal-Mogul Holdings Corp. by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 106,355 shares of the company’s stock valued at $884,000 after buying an additional 1,302 shares during the period. Nationwide Fund Advisors raised its stake in Federal-Mogul Holdings Corp. by 3.9% in the second quarter. Nationwide Fund Advisors now owns 41,344 shares of the company’s stock valued at $344,000 after buying an additional 1,546 shares during the period. Alliancebernstein L.P. raised its stake in Federal-Mogul Holdings Corp. by 3.5% in the second quarter. Alliancebernstein L.P. now owns 62,200 shares of the company’s stock valued at $517,000 after buying an additional 2,100 shares during the period. Finally, Walleye Trading LLC raised its stake in Federal-Mogul Holdings Corp. by 12.5% in the second quarter. Walleye Trading LLC now owns 19,503 shares of the company’s stock valued at $162,000 after buying an additional 2,172 shares during the period. 98.29% of the stock is currently owned by institutional investors.
Federal-Mogul Holdings Corp. Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Federal-Mogul Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal-Mogul Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.