RE:RE:CC Q&A
Shareprice has recovered a bit since my last post, however...
- 2015 earnings = $2.56. $34 share price = 13.28 p/e
- 2016 estimated earnings. Management has not changed guidance and concensus estimates are $2.61. $34 share price on estimated earnings of $2.61 = 13.02 p/e
how are you arriving at a 40 p/e? earnings would have to be 85 cents for the year for a 40 multiple on a $34 stock.