According to Zacks, “West Corporation offers communication services. The Company provides services which include conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony/interconnect services. It operates primarily in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America and South America. West Corporation is headquartered in Omaha, Nebraska. “
Separately, Deutsche Bank AG raised their price objective on shares of West Corp. from $23.00 to $26.00 and gave the company a buy rating in a research report on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $26.00.
Shares of West Corp. (NASDAQ:WSTC) opened at 21.10 on Thursday. The firm has a market cap of $1.75 billion, a P/E ratio of 9.42 and a beta of 1.50. The company’s 50-day moving average price is $22.41 and its 200 day moving average price is $21.93. West Corp. has a 52 week low of $17.26 and a 52 week high of $26.52.
West Corp. (NASDAQ:WSTC) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $582.40 million for the quarter, compared to analysts’ expectations of $576.84 million. West Corp. had a net margin of 8.24% and a negative return on equity of 44.40%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. On average, equities analysts anticipate that West Corp. will post $3.04 earnings per share for the current year.
In related news, insider Rodney J. Kempkes sold 2,780 shares of West Corp. stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $22.25, for a total value of $61,855.00. Following the transaction, the insider now owns 73,592 shares in the company, valued at approximately $1,637,422. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Etzler sold 15,000 shares of West Corp. stock in a transaction on 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 transaction, the insider now owns 206,999 shares in the company, valued at approximately $4,967,976. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of West Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,266,455 shares of the company’s stock worth $28,901,000 after buying an additional 18,750 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of West Corp. by 4.8% in the first quarter. TIAA CREF Investment Management LLC now owns 247,128 shares of the company’s stock worth $5,639,000 after buying an additional 11,253 shares during the period. Wellington Management Group LLP raised its stake in shares of West Corp. by 24.4% in the first quarter. Wellington Management Group LLP now owns 473,977 shares of the company’s stock worth $10,817,000 after buying an additional 92,969 shares during the period. Teachers Advisors Inc. raised its stake in shares of West Corp. by 28.6% in the first quarter. Teachers Advisors Inc. now owns 102,692 shares of the company’s stock worth $2,343,000 after buying an additional 22,867 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of West Corp. by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 1,073,185 shares of the company’s stock worth $24,490,000 after buying an additional 11,560 shares during the period. Institutional investors own 55.09% of the company’s stock.
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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