Rofin-Sinar Technologies (RSTI) Releases Quarterly Earnings Results, Hits Estimates
Rofin-Sinar Technologies (NASDAQ:RSTI) issued its quarterly earnings data on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08, Stock Ratings Network.com reports. The company had revenue of $121.19 million for the quarter, compared to the consensus estimate of $125.68 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 14.8% on a year-over-year basis. Rofin-Sinar Technologies updated its Q2 guidance to $0.08-0.12 EPS.
Rofin-Sinar Technologies (NASDAQ:RSTI) opened at 21.82 on Thursday. Rofin-Sinar Technologies has a 1-year low of $22.04 and a 1-year high of $28.41. The stock has a 50-day moving average of $25.31 and a 200-day moving average of $24.49. The company has a market cap of $614.0 million and a price-to-earnings ratio of 18.41.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Rofin-Sinar Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $26.80 price target on the stock. Finally, analysts at Commerzbank AG cut their price target on shares of Rofin-Sinar Technologies from $27.00 to $24.00 in a research note to investors on Monday, November 11th. They now have a “hold” rating on the stock.
Rofin-Sinar Technologies Inc(NASDAQ:RSTI) is engaged in the designing, development, engineering, manufacturing and marketing of laser-based products used for cutting, welding and marking a range of materials.
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