Analysts Expect Electronics For Imaging, Inc. (NASDAQ:EFII) Will Post Quarterly Sales of $238.03 Million

Wall Street brokerages expect Electronics For Imaging, Inc. (NASDAQ:EFII) to report sales of $238.03 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Electronics For Imaging’s earnings, with the highest sales estimate coming in at $240.20 million and the lowest estimate coming in at $235.86 million. Electronics For Imaging reported sales of $261.07 million during the same quarter last year, which indicates a negative year over year growth rate of 8.8%. The firm is scheduled to report its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that Electronics For Imaging will report full-year sales of $990.59 million for the current fiscal year, with estimates ranging from $976.78 million to $1.02 billion. For the next financial year, analysts forecast that the business will post sales of $1.03 billion, with estimates ranging from $1.00 billion to $1.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.17). Electronics For Imaging had a negative return on equity of 2.16% and a negative net margin of 1.61%. The business had revenue of $223.72 million during the quarter, compared to the consensus estimate of $218.89 million.

Several research analysts have weighed in on EFII shares. Citigroup increased their price target on shares of Electronics For Imaging from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. BidaskClub upgraded shares of Electronics For Imaging from a “hold” rating to a “buy” rating in a research report on Friday, May 24th. TheStreet upgraded shares of Electronics For Imaging from a “d+” rating to a “c-” rating in a research report on Monday, April 15th. Needham & Company LLC downgraded shares of Electronics For Imaging from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research upgraded shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Electronics For Imaging presently has an average rating of “Hold” and a consensus price target of $31.69.

EFII opened at $36.86 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.30. Electronics For Imaging has a 1-year low of $19.76 and a 1-year high of $38.33. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -1,843.00 and a beta of 1.17.

Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its position in shares of Electronics For Imaging by 612.4% during the 1st quarter. FMR LLC now owns 453,896 shares of the technology company’s stock valued at $12,210,000 after purchasing an additional 390,180 shares during the period. Premia Global Advisors LLC bought a new stake in shares of Electronics For Imaging during the 1st quarter valued at $42,000. SEI Investments Co raised its position in shares of Electronics For Imaging by 22.7% during the 1st quarter. SEI Investments Co now owns 256,636 shares of the technology company’s stock valued at $6,904,000 after purchasing an additional 47,495 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Electronics For Imaging by 26.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 348,079 shares of the technology company’s stock valued at $9,364,000 after purchasing an additional 73,233 shares during the period. Finally, Greenvale Capital LLP raised its position in shares of Electronics For Imaging by 9.3% during the 1st quarter. Greenvale Capital LLP now owns 863,126 shares of the technology company’s stock valued at $23,218,000 after purchasing an additional 73,126 shares during the period.

Electronics For Imaging Company Profile

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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