Brokerages forecast that Electronics for Imaging, Inc. (NASDAQ:EFII) will post $0.54 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Electronics for Imaging’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.56. Electronics for Imaging reported earnings of $0.77 per share in the same quarter last year, which would indicate a negative year over year growth rate of 29.9%. The company is expected to issue its next earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that Electronics for Imaging will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.09 to $2.13. For the next financial year, analysts expect that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $2.06 to $2.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Electronics for Imaging.
Electronics for Imaging (NASDAQ:EFII) last issued its earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.10). Electronics for Imaging had a net margin of 3.09% and a return on equity of 3.67%. The company had revenue of $248.36 million during the quarter, compared to analyst estimates of $258.09 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis.
A number of equities analysts have commented on the company. Loop Capital assumed coverage on Electronics for Imaging in a research note on Monday, July 24th. They issued a “buy” rating and a $58.00 target price for the company. BidaskClub downgraded Electronics for Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Cross Research downgraded Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a research note on Friday, August 4th. Sidoti downgraded Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, August 4th. Finally, Longbow Research downgraded Electronics for Imaging from a “neutral” rating to an “underperform” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Electronics for Imaging currently has an average rating of “Hold” and an average price target of $44.22.
In other Electronics for Imaging news, Director Dan Maydan sold 6,500 shares of Electronics for Imaging stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total value of $200,655.00. Following the transaction, the director now owns 33,310 shares in the company, valued at $1,028,279.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $41.02, for a total transaction of $369,180.00. Following the completion of the transaction, the chief executive officer now owns 377,950 shares in the company, valued at approximately $15,503,509. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,500 shares of company stock worth $1,220,175. 1.88% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of EFII. SG Americas Securities LLC acquired a new position in Electronics for Imaging in the second quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Electronics for Imaging by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock worth $119,000 after buying an additional 217 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Electronics for Imaging in the third quarter worth approximately $213,000. TrimTabs Asset Management LLC acquired a new position in Electronics for Imaging in the second quarter worth approximately $216,000. Finally, Shelton Capital Management acquired a new position in Electronics for Imaging in the second quarter worth approximately $219,000.
Shares of Electronics for Imaging (NASDAQ:EFII) traded down $1.49 during mid-day trading on Friday, reaching $27.76. The company’s stock had a trading volume of 1,533,500 shares, compared to its average volume of 669,159. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.62. Electronics for Imaging has a 12 month low of $25.54 and a 12 month high of $51.15. The firm has a market capitalization of $1,356.56, a P/E ratio of 45.00 and a beta of 1.26.
Electronics for Imaging announced that its Board of Directors has approved a stock buyback program on Monday, September 11th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.
Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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