Electronics for Imaging Sees Strong Trading Volume After Earnings Beat (EFII)
Electronics for Imaging (NASDAQ:EFII) shares saw unusually-high trading volume on Wednesday following a stronger than expected earnings report, Analyst Ratings Network reports. Approximately 457,202 shares were traded during trading, an increase of 27% from the previous session’s volume of 358,814 shares.The stock last traded at $40.30 and had previously closed at $39.08.
The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.02. The company had revenue of $188.70 million for the quarter, compared to the consensus estimate of $186.36 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis.
EFII has been the subject of a number of recent research reports. Analysts at Brean Capital raised their price target on shares of Electronics for Imaging from $50.00 to $60.00 in a research note on Wednesday, March 19th. They now have a “buy” rating on the stock. Separately, analysts at Griffin Securities downgraded shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 29th. Finally, analysts at Barclays initiated coverage on shares of Electronics for Imaging in a research note on Wednesday, January 22nd. They set an “overweight” rating and a $47.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $47.85.
The stock’s 50-day moving average is $43.17 and its 200-day moving average is $39.35. The company has a market cap of $1.913 billion and a price-to-earnings ratio of 17.29.
Electronics For Imaging, Inc (NASDAQ:EFII), is a provider of digital printing innovation focused on the transformation of the printing, packaging, and decorative industries from the use of traditional analog based presses to digital on-demand printing.
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