Capstone Turbine Corporation (NASDAQ:CPST) – Equities researchers at Oppenheimer Holdings cut their Q2 2018 earnings estimates for shares of Capstone Turbine Corporation in a research report issued on Wednesday. Oppenheimer Holdings analyst C. Rusch now expects that the industrial products company will earn ($0.08) per share for the quarter, down from their prior estimate of ($0.07). Oppenheimer Holdings also issued estimates for Capstone Turbine Corporation’s Q3 2018 earnings at ($0.07) EPS, FY2018 earnings at ($0.27) EPS and FY2019 earnings at ($0.08) EPS.
Several other analysts also recently commented on the stock. Roth Capital set a $1.00 price objective on shares of Capstone Turbine Corporation and gave the stock a “hold” rating in a research report on Thursday, August 10th. HC Wainwright set a $2.00 price target on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, ValuEngine downgraded shares of Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.
Shares of Capstone Turbine Corporation (NASDAQ:CPST) traded up 1.09% during mid-day trading on Monday, hitting $0.65. 99,354 shares of the stock were exchanged. Capstone Turbine Corporation has a 12-month low of $0.61 and a 12-month high of $1.97. The stock’s market capitalization is $27.70 million. The stock’s 50 day moving average price is $0.67 and its 200-day moving average price is $0.71.
Capstone Turbine Corporation (NASDAQ:CPST) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.20 million. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) earnings per share.
An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. raised its stake in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,714 shares of the industrial products company’s stock after buying an additional 28,050 shares during the period. Wedbush Securities Inc. owned 0.50% of Capstone Turbine Corporation worth $140,000 at the end of the most recent quarter. 15.01% of the stock is owned by hedge funds and other institutional investors.
Capstone Turbine Corporation Company Profile
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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