LeapFrog Enterprises, Inc (NYSE:LF) not leaping ahead yet

Posted by Samantha Donahue September 4, 2013 0 Comment 5656 views

BMO Capital Markets equity researchers’ downgraded LeapFrog Enterprises, Inc (NYSE:LF) from an “outperform” to a “market perform” rating on Tuesday. The company had last issued its quarterly-earnings data on 1 August. It reported earnings per share of $0.04 for the quarter which topped analysts’ estimates of $0.08.

The revenue for the quarter stood at $83.00 million while the consensus estimate was $77.24 million. In the same quarter of 2012, LF had posted earnings per share of $0.12. The average analyst estimate is that the company will post earnings per share of $0.65 for the current financial year.

Analysts’ opinion

Numerous other analysts have also weighed on LeapFrog Enterprises. Imperial Capital analysts’ raised their price-target on the shares from $12.00 to $13.00 on 5 August and have now assigned an “outperform” rating on the stock. Roth Capital analysts raised their price-target from $12.00 to $14.00 and have now set a “buy” rating on the stock. Moness Crespi &Hardt analysts have raised their price-target on the shares from $12.00 to $13.00 on 2 August and have now set a “buy” rating on the stock.

Two investment-analysts have assigned a “hold” rating on LF shares while 7 analysts have set a “buy” rating. At the moment, the average rating in the company is a “buy” and the consensus price-target is $12.83.

Tuesday’s trading session

LeapFrog Enterprises, Inc (NYSE:LF) stock dipped by 7.38% in Tuesday’s trading session. The opening price of the shares was $9.31 which touched an intraday high of $9.35 and closed at $8.91. More than 5.86 million shares were traded in Tuesday’s trading session while the average volume of shares traded over 30 days was 1.34 million. The company has a market cap of $648.30 million. LF has a 1-year low of $7.00 while its one year high is $11.95. The stock’s 50 day moving average is $10.80 and its 200 day moving average is $9.49. Its P/E ratio is 6.93.

About Samantha Donahue

Samantha Donahue is a digital fellow with GDP insider. Samantha earned a Bachelor's degree in Government from Cornell University and later his Master's degree in Journalism from Columbia University. She has also received numerous awards from the Associated Press, Society of Professional Journalists, and other media organizations for many of her exclusive stories. Samantha thrives reporting on breaking news and as a general assignments news reporter.

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