Q3 2016 Earnings Forecast for Norsat International Inc Issued By Cantor Fitzgerald (NII)
Norsat International Inc (TSE:NII) – Analysts at Cantor Fitzgerald raised their Q3 2016 earnings estimates for Norsat International in a research report issued on Monday. Cantor Fitzgerald analyst R. Garcea now anticipates that the brokerage will post earnings per share of $0.22 for the quarter, up from their previous estimate of $0.17. Cantor Fitzgerald also issued estimates for Norsat International’s Q4 2016 earnings at $0.24 EPS, FY2017 earnings at $1.07 EPS and FY2018 earnings at $1.21 EPS.
Norsat International (TSE:NII) traded down 1.06% on Thursday, hitting $10.24. 6,550 shares of the stock traded hands. The company’s 50 day moving average price is $8.31 and its 200-day moving average price is $7.84. Norsat International has a 52-week low of $5.15 and a 52-week high of $10.60. The stock has a market cap of $59.03 million and a price-to-earnings ratio of 6.21.
Norsat International Company Profile
Norsat International Inc is a provider of communication solutions used by government organizations, militaries, transportation, resource and marine industry companies, news organizations, public safety search and rescue operators, and others. The Company operates through two segments: Sinclair Technologies and Satellite Communications.
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