Frequency Electronics (NASDAQ:FEIM – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings lowered shares of Frequency Electronics from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $43.67.
View Our Latest Research Report on Frequency Electronics
Frequency Electronics Stock Performance
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last issued its quarterly earnings results on Thursday, September 10th. The communications equipment provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.26. Frequency Electronics had a return on equity of 4.59% and a net margin of 3.68%.The company had revenue of $23.45 million for the quarter, compared to analyst estimates of $17.85 million.
Hedge Funds Weigh In On Frequency Electronics
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Frequency Electronics in the 2nd quarter worth $34,273,000. Invesco Ltd. acquired a new stake in shares of Frequency Electronics in the fourth quarter valued at $9,446,000. Next Century Growth Investors LLC grew its holdings in Frequency Electronics by 200.4% during the fourth quarter. Next Century Growth Investors LLC now owns 219,463 shares of the communications equipment provider’s stock worth $11,816,000 after acquiring an additional 146,397 shares during the period. Millennium Management LLC grew its holdings in Frequency Electronics by 403.6% during the third quarter. Millennium Management LLC now owns 136,976 shares of the communications equipment provider’s stock worth $4,645,000 after acquiring an additional 109,776 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Frequency Electronics by 179.4% during the third quarter. Two Sigma Investments LP now owns 139,687 shares of the communications equipment provider’s stock worth $4,737,000 after acquiring an additional 89,698 shares during the period. 58.60% of the stock is owned by institutional investors.
Key Stories Impacting Frequency Electronics
Here are the key news stories impacting Frequency Electronics this week:
- Positive Sentiment: Record revenue and earnings beat: Fiscal Q1 revenue rose 70% year over year and 52% sequentially to a record $23.5 million, exceeding analyst expectations of approximately $17.9 million. Adjusted earnings of $0.41 per share surpassed the $0.15 consensus estimate. Frequency Electronics fiscal 2027 first-quarter results
- Positive Sentiment: Visibility from a growing backlog: Funded backlog reached a record $129 million, up 82% year over year and 16% sequentially. This supports expectations for continued revenue growth in the communications and aerospace markets. Frequency Electronics financial results announcement
- Positive Sentiment: Strong operating leverage and expansion plans: Management reported an operating margin above 22% and indicated that capacity expansion, funded in part by a $73 million equity raise, could accelerate progress toward its $150 million-plus fiscal 2029 revenue target. The prospect of pulling forward that target is supporting investor optimism. Frequency Electronics capacity expansion update
- Neutral Sentiment: The earnings call reinforced the company’s growth outlook, but investors will be watching whether Frequency Electronics can convert its backlog into sustained revenue and profitability as production capacity expands. Frequency Electronics Q1 2027 earnings call transcript
- Negative Sentiment: Despite the earnings beat, the company still reported a negative net margin of 1.43% and negative return on equity of 1.56%. The equity financing also creates potential shareholder dilution, although management expects the investment to support higher future growth.
About Frequency Electronics
Frequency Electronics, Inc (NASDAQ: FEIM) designs and manufactures precision time and frequency control systems. Its products include crystal oscillators, atomic frequency references, frequency synthesizers, timing systems and related radio-frequency and microwave technologies used where accurate and stable timing is essential.
The company serves aerospace and defense, satellite communications, telecommunications, navigation and other government and commercial markets. Its equipment is used in applications such as satellite payloads, secure communications, avionics, radar, electronic warfare and global positioning and navigation systems.
Founded in 1961, Frequency Electronics is based in New York and has developed specialized timing and synchronization technologies for customers in the United States and international markets.
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