
eMagin Corporation (NYSE:EMA – Free Report) – Equities research analysts at Scotiabank lowered their FY2027 earnings per share estimates for eMagin in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst A. Weisel now anticipates that the company will earn $2.52 per share for the year, down from their prior forecast of $2.59.
Several other equities research analysts also recently issued reports on EMA. Wall Street Zen raised eMagin from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Barclays dropped their target price on eMagin from $53.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings lowered shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.00.
eMagin Trading Up 0.9%
Shares of EMA stock opened at $54.82 on Friday. eMagin has a 1-year low of $45.77 and a 1-year high of $55.42. The stock’s fifty day simple moving average is $52.81 and its 200-day simple moving average is $51.80.
Institutional Investors Weigh In On eMagin
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of eMagin by 15.0% during the 2nd quarter. Versant Capital Management Inc now owns 7,396 shares of the company’s stock valued at $392,000 after buying an additional 963 shares during the last quarter. Rathbones Group PLC increased its holdings in eMagin by 0.3% in the first quarter. Rathbones Group PLC now owns 58,900 shares of the company’s stock worth $3,043,000 after buying an additional 200 shares during the last quarter. Parallel Advisors LLC increased its holdings in eMagin by 130.9% in the first quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock worth $26,000 after buying an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in eMagin by 54.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock valued at $57,000 after acquiring an additional 385 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new stake in eMagin in the first quarter valued at approximately $349,000.
eMagin Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.7325 dividend. The ex-dividend date is Monday, August 3rd. This represents a $2.93 dividend on an annualized basis and a yield of 5.3%.
About eMagin
eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.
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