West Corp. (NASDAQ:WSTC) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.00.
Several analysts have recently issued reports on WSTC shares. 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 research note on Wednesday, August 3rd. Zacks Investment Research upgraded West Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th.
In other news, insider Scott Etzler sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $360,000.00. Following the completion of the sale, the insider now owns 206,999 shares in the company, valued at approximately $4,967,976. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in WSTC. LSV Asset Management increased its stake 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 valued at $104,000 after buying an additional 3,200 shares during the last quarter. Teacher Retirement System of Texas increased its stake 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 valued at $126,000 after buying an additional 775 shares during the last quarter. Acrospire Investment Management LLC increased its stake 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 valued at $138,000 after buying an additional 3,900 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake 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 valued at $152,000 after buying an additional 3,607 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of West Corp. during the second quarter valued at $197,000. Hedge funds and other institutional investors own 55.09% of the company’s stock.
Shares of West Corp. (NASDAQ:WSTC) traded down 0.85% during midday trading on Monday, hitting $22.07. The stock had a trading volume of 24,423 shares. West Corp. has a 12-month low of $17.26 and a 12-month high of $26.52. The firm has a 50-day moving average of $22.90 and a 200 day moving average of $22.01. The firm has a market cap of $1.83 billion, a PE ratio of 9.85 and a beta of 1.48.
West Corp. (NASDAQ:WSTC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The company earned $582.40 million during the quarter, compared to the consensus estimate of $576.84 million. West Corp. had a negative return on equity of 44.40% and a net margin of 8.24%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS. On average, analysts expect that West Corp. will post $3.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 22nd were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, August 18th. This represents a $0.90 annualized dividend and a dividend yield of 4.04%. West Corp.’s dividend payout ratio (DPR) is presently 40.18%.
About West Corp.
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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