Federal-Mogul Holdings Corp. (NASDAQ:FDML) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
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. “
Shares of Federal-Mogul Holdings Corp. (NASDAQ:FDML) opened at 10.12 on Friday. The stock has a market capitalization of $1.71 billion, a PE ratio of 74.41 and a beta of 2.97. The stock’s 50 day moving average is $9.45 and its 200 day moving average is $9.03. Federal-Mogul Holdings Corp. has a 52 week low of $3.81 and a 52 week high of $10.15.
Federal-Mogul Holdings Corp. (NASDAQ:FDML) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.06. Federal-Mogul Holdings Corp. had a net margin of 0.31% and a return on equity of 16.56%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $0.17 EPS. Federal-Mogul Holdings Corp.’s revenue was up .1% compared to the same quarter last year. Analysts anticipate that Federal-Mogul Holdings Corp. will post $1.00 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. raised its position in Federal-Mogul Holdings Corp. by 2.6% in the third quarter. Prudential Financial Inc. now owns 10,441 shares of the company’s stock valued at $100,000 after buying an additional 260 shares during the period. KCG Holdings Inc. acquired a new position in Federal-Mogul Holdings Corp. during the second quarter valued at about $104,000. Wells Fargo & Company MN raised its position in Federal-Mogul Holdings Corp. by 36.6% in the third quarter. Wells Fargo & Company MN now owns 10,815 shares of the company’s stock valued at $104,000 after buying an additional 2,900 shares during the period. Kassirer Asset Management Corp acquired a new position in Federal-Mogul Holdings Corp. during the third quarter valued at about $109,000. Finally, BlackRock Advisors LLC raised its position 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. Hedge funds and other institutional investors own 98.33% of the company’s stock.
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.