Scotiabank Issues Pessimistic Outlook for eMagin Earnings

eMagin Corporation (NYSE:EMAFree Report) – Stock analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for shares of eMagin in a research report issued on Thursday, July 23rd. Scotiabank analyst A. Weisel now forecasts that the company will post earnings of $2.68 per share for the year, down from their previous forecast of $2.77.

A number of other analysts have also recently commented on EMA. Wall Street Zen upgraded eMagin from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings downgraded eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Barclays decreased their target price on eMagin from $53.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.00.

Read Our Latest Report on EMA

eMagin Stock Down 1.1%

NYSE EMA opened at $54.33 on Monday. The stock has a 50-day moving average of $52.92 and a 200 day moving average of $51.88. eMagin has a twelve month low of $45.77 and a twelve month high of $55.49.

Institutional Investors Weigh In On eMagin

Institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of eMagin by 130.9% during the first quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock valued at $26,000 after acquiring an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of eMagin by 1,375.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock worth $35,000 after acquiring an additional 660 shares during the last quarter. DGS Capital Management LLC acquired a new stake in shares of eMagin in the first quarter worth approximately $349,000. Venturi Wealth Management LLC acquired a new stake in shares of eMagin in the fourth quarter worth approximately $356,000. Finally, Versant Capital Management Inc increased its position in shares of eMagin by 15.0% during the second quarter. Versant Capital Management Inc now owns 7,396 shares of the company’s stock worth $392,000 after purchasing an additional 963 shares in the last quarter.

eMagin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a $0.7325 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $2.93 dividend on an annualized basis and a yield of 5.4%.

eMagin Company Profile

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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.

Further Reading

Earnings History and Estimates for eMagin (NYSE:EMA)

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