Animal Health International Hits 52-Week High On Revenue Beat (AHII)

Shares of Westlake, Texas-based Animal Health International, Inc. AHII are currently up 10.5% at $3.25 per share during Tuesday afternoon trading. Today's trading range for shares of Animal Health International, Inc has been between $2.94 and a 52-week high of $3.30 per share. The consensus price target of analysts covering the company's stock is $3.25 per share. Volume of 119,000 shares is far above the daily average volume of 17,000 shares. Animal Health International, Inc. (AHII) released financial results early Tuesday morning that beat Wall Street revenue estimates. Animal Health International, Inc reported 2nd quarter adjusted earnings of 9 cents per share, on revenue that rose 16.3% to $198.2 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 12 cents per share, on revenue of $184.37 million. Chairman and Chief Executive Officer Jim Robison said, "We are executing well and pleased with our second quarter results. With the refinancing of our debt completed during the quarter and good results, we are optimistic about the year." Animal Health International, Inc through its wholly owned subsidiaries, is engaged in the distribution of animal health products in the United States and Canada. The company's subsidiaries distribute more than 40,000 products sourced from over 1,500 manufacturers to over 71,000 customers, including veterinarians, production animal operators, and animal health product retailers. Read more from Benzinga's Company news.