Wall Street brokerages forecast that Electronics for Imaging, Inc. (NASDAQ:EFII) will report earnings per share of $0.54 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Electronics for Imaging’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.56. Electronics for Imaging reported earnings of $0.77 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 29.9%. The business is expected to issue its next quarterly earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that Electronics for Imaging will report full year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $2.13. For the next financial year, analysts anticipate that the firm will report earnings of $2.23 per share, with EPS estimates ranging from $2.06 to $2.40. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Electronics for Imaging.
Electronics for Imaging (NASDAQ:EFII) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.10). Electronics for Imaging had a net margin of 3.09% and a return on equity of 3.67%. The firm had revenue of $248.36 million for the quarter, compared to analyst estimates of $258.09 million. During the same period in the previous year, the business posted $0.58 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year.
A number of equities analysts have recently issued reports on EFII shares. TheStreet downgraded Electronics for Imaging from a “b-” rating to a “c” rating in a research report on Friday, August 4th. Cross Research downgraded Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research report on Friday, August 4th. ValuEngine downgraded Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Needham & Company LLC raised their price objective on Electronics for Imaging from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Finally, Sidoti downgraded Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $44.22.
In other Electronics for Imaging news, Director Dan Maydan sold 6,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $30.87, for a total value of $200,655.00. Following the transaction, the director now owns 33,310 shares of the company’s stock, valued at $1,028,279.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $42.76, for a total value of $384,840.00. Following the completion of the transaction, the chief executive officer now directly owns 364,885 shares in the company, valued at approximately $15,602,482.60. The disclosure for this sale can be found here. In the last three months, insiders sold 33,500 shares of company stock worth $1,220,175. Insiders own 1.88% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Electronics for Imaging by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,202,705 shares of the technology company’s stock valued at $199,125,000 after buying an additional 34,640 shares during the last quarter. Oak Ridge Investments LLC raised its stake in shares of Electronics for Imaging by 2.6% during the 2nd quarter. Oak Ridge Investments LLC now owns 613,306 shares of the technology company’s stock valued at $29,058,000 after purchasing an additional 15,264 shares during the period. Scout Investments Inc. raised its stake in shares of Electronics for Imaging by 3.9% during the 2nd quarter. Scout Investments Inc. now owns 82,825 shares of the technology company’s stock valued at $3,924,000 after purchasing an additional 3,075 shares during the period. State of Wisconsin Investment Board raised its stake in shares of Electronics for Imaging by 0.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 145,570 shares of the technology company’s stock valued at $6,897,000 after purchasing an additional 1,163 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Electronics for Imaging by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 24,269 shares of the technology company’s stock valued at $1,150,000 after purchasing an additional 100 shares during the period.
Shares of Electronics for Imaging (NASDAQ:EFII) traded up $0.83 during mid-day trading on Friday, hitting $28.83. The stock had a trading volume of 1,030,055 shares, compared to its average volume of 684,772. Electronics for Imaging has a 12-month low of $25.54 and a 12-month high of $51.15. The firm has a market capitalization of $1,287.46, a price-to-earnings ratio of 42.71 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.62 and a debt-to-equity ratio of 0.38.
Electronics for Imaging declared that its board has authorized a stock buyback program on Monday, September 11th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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