Mobileye NV (MBLY) Expected to Post Earnings of $0.18 Per Share
Brokerages expect Mobileye NV (NYSE:MBLY) to report $0.18 earnings per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Mobileye NV’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.16. Mobileye NV posted earnings per share of $0.09 in the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The company is expected to issue its next earnings report before the market opens on Thursday, June 1st.
On average, analysts expect that Mobileye NV will report full year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.75. For the next fiscal year, analysts forecast that the business will post earnings of $1.18 per share, with EPS estimates ranging from $1.07 to $1.30. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Mobileye NV.
MBLY has been the subject of several analyst reports. Jefferies Group LLC set a $52.00 price objective on shares of Mobileye NV and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Vetr raised shares of Mobileye NV from a “buy” rating to a “strong-buy” rating and set a $51.55 price objective for the company in a research note on Tuesday, February 28th. Zacks Investment Research raised shares of Mobileye NV from a “sell” rating to a “hold” rating in a research note on Wednesday, February 15th. Piper Jaffray Companies downgraded shares of Mobileye NV from an “overweight” rating to a “neutral” rating in a research note on Monday, March 20th. Finally, Evercore ISI reissued a “buy” rating and issued a $60.00 price objective on shares of Mobileye NV in a research note on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $56.55.
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A number of institutional investors have recently modified their holdings of MBLY. HighPoint Advisor Group LLC acquired a new position in shares of Mobileye NV during the third quarter valued at about $200,000. Russell Investments Group Ltd. acquired a new position in shares of Mobileye NV during the fourth quarter valued at about $38,450,000. Frontier Capital Management Co. LLC raised its position in shares of Mobileye NV by 39.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,137,327 shares of the software maker’s stock valued at $43,355,000 after buying an additional 323,029 shares during the last quarter. Ecofin Ltd. acquired a new position in shares of Mobileye NV during the fourth quarter valued at about $13,378,000. Finally, Sicart Associates LLC acquired a new position in shares of Mobileye NV during the fourth quarter valued at about $4,033,000. 72.23% of the stock is currently owned by institutional investors.
Shares of Mobileye NV (NYSE:MBLY) traded up 0.05% on Friday, reaching $61.80. The company had a trading volume of 1,504,274 shares. The stock’s 50 day moving average is $61.80 and its 200 day moving average is $48.99. Mobileye NV has a 52 week low of $33.69 and a 52 week high of $61.95. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 134.35 and a beta of 0.97.
About Mobileye NV
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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