Wall Street brokerages predict that Electronics For Imaging, Inc. (NASDAQ:EFII) will announce sales of $280.16 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Electronics For Imaging’s earnings, with estimates ranging from $277.22 million to $283.09 million. Electronics For Imaging posted sales of $269.16 million in the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The business is expected to announce its next earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that Electronics For Imaging will report full year sales of $1.04 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post sales of $1.10 billion, with estimates ranging from $1.08 billion to $1.12 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Electronics For Imaging.
Electronics For Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Monday, October 29th. The technology company reported $0.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.50. The business had revenue of $257.10 million for the quarter, compared to analysts’ expectations of $263.24 million. Electronics For Imaging had a positive return on equity of 0.51% and a negative net margin of 2.27%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS.
A number of equities analysts have commented on the company. ValuEngine cut Electronics For Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised Electronics For Imaging from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 1st. TheStreet lowered Electronics For Imaging from a “c-” rating to a “d+” rating in a research report on Friday, December 14th. Goldman Sachs Group started coverage on Electronics For Imaging in a research report on Friday, December 7th. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, BidaskClub lowered Electronics For Imaging from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Electronics For Imaging has an average rating of “Hold” and an average target price of $33.80.
Electronics For Imaging stock traded up $0.17 during trading hours on Friday, reaching $26.97. The company had a trading volume of 331,000 shares, compared to its average volume of 463,650. The stock has a market capitalization of $1.16 billion, a P/E ratio of 99.89, a price-to-earnings-growth ratio of 28.37 and a beta of 1.01. Electronics For Imaging has a 12-month low of $23.01 and a 12-month high of $35.62.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Walthausen & Co. LLC purchased a new stake in shares of Electronics For Imaging during the third quarter worth $18,391,000. Senvest Management LLC acquired a new stake in Electronics For Imaging in the second quarter valued at about $12,292,000. Dimensional Fund Advisors LP lifted its position in Electronics For Imaging by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,653,150 shares of the technology company’s stock valued at $86,387,000 after purchasing an additional 303,845 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in Electronics For Imaging in the second quarter valued at about $6,141,000. Finally, Laurion Capital Management LP acquired a new stake in Electronics For Imaging in the third quarter valued at about $5,690,000.
Electronics For Imaging Company Profile
Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.
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