Analysts expect American Superconductor Co. (NASDAQ:AMSC) to report earnings of ($0.39) per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for American Superconductor’s earnings, with the highest EPS estimate coming in at ($0.37) and the lowest estimate coming in at ($0.40). American Superconductor posted earnings per share of ($0.34) in the same quarter last year, which indicates a negative year over year growth rate of 14.7%. The company is scheduled to issue its next earnings report on Tuesday, May 30th.
According to Zacks, analysts expect that American Superconductor will report full-year earnings of ($2.00) per share for the current fiscal year, with EPS estimates ranging from ($2.02) to ($1.98). For the next fiscal year, analysts anticipate that the business will report earnings of ($1.48) per share, with EPS estimates ranging from ($1.69) to ($1.24). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow American Superconductor.
American Superconductor (NASDAQ:AMSC) last released its earnings results on Monday, February 6th. The technology company reported ($0.21) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.11. American Superconductor had a negative net margin of 27.52% and a negative return on equity of 34.65%. The firm earned $27.10 million during the quarter, compared to the consensus estimate of $23.83 million. During the same period in the prior year, the firm earned ($0.36) EPS. The company’s revenue was up 5.0% compared to the same quarter last year.
Several analysts recently issued reports on AMSC shares. FBR & Co restated an “outperform” rating and set a $11.00 target price on shares of American Superconductor in a research report on Monday, January 30th. Zacks Investment Research upgraded shares of American Superconductor from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Thursday, February 2nd. Roth Capital set a $10.00 target price on shares of American Superconductor and gave the company a “buy” rating in a research report on Monday, February 6th. Finally, HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of American Superconductor in a research report on Sunday, April 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.20.
American Superconductor (NASDAQ:AMSC) traded up 0.74% on Monday, hitting $6.77. 58,587 shares of the stock were exchanged. The company has a 50-day moving average of $6.48 and a 200-day moving average of $7.08. American Superconductor has a 12 month low of $5.86 and a 12 month high of $12.50. The stock’s market cap is $96.26 million.
Institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in American Superconductor by 1.6% in the fourth quarter. State Street Corp now owns 152,965 shares of the technology company’s stock worth $1,127,000 after buying an additional 2,373 shares during the last quarter. Renaissance Technologies LLC raised its position in American Superconductor by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 425,888 shares of the technology company’s stock worth $3,139,000 after buying an additional 7,800 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new position in American Superconductor during the fourth quarter worth $115,000. First Trust Advisors LP purchased a new position in American Superconductor during the third quarter worth $126,000. Finally, Scopia Capital Management LP purchased a new position in American Superconductor during the third quarter worth $137,000. Institutional investors and hedge funds own 28.65% of the company’s stock.
American Superconductor Company Profile
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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