Equities research analysts expect SeaChange International, Inc. (NASDAQ:SEAC) to post $17.63 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SeaChange International’s earnings, with estimates ranging from $17.17 million to $18.10 million. SeaChange International posted sales of $18.45 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.4%. The firm is expected to announce its next quarterly earnings report on Thursday, September 7th.

According to Zacks, analysts expect that SeaChange International will report full-year sales of $17.63 million for the current financial year, with estimates ranging from $76.79 million to $80.60 million. For the next financial year, analysts forecast that the firm will post sales of $87.05 million per share. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for SeaChange International.

SeaChange International (NASDAQ:SEAC) last released its quarterly earnings data on Tuesday, June 6th. The software maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.12. The firm had revenue of $16.67 million during the quarter, compared to analysts’ expectations of $16.88 million. SeaChange International had a negative net margin of 85.83% and a negative return on equity of 20.62%. The firm’s quarterly revenue was down 22.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.20) earnings per share.

A number of research firms recently issued reports on SEAC. Zacks Investment Research raised shares of SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research note on Wednesday, June 14th. ValuEngine raised shares of SeaChange International from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 8th.

Shares of SeaChange International (SEAC) opened at 2.71 on Thursday. The company’s market capitalization is $95.74 million. The company’s 50-day moving average is $2.53 and its 200 day moving average is $2.49. SeaChange International has a 12 month low of $2.05 and a 12 month high of $3.55.

A number of large investors have recently made changes to their positions in SEAC. Tower Research Capital LLC TRC boosted its stake in shares of SeaChange International by 59.1% in the first quarter. Tower Research Capital LLC TRC now owns 51,250 shares of the software maker’s stock valued at $127,000 after buying an additional 19,045 shares during the period. King Luther Capital Management Corp boosted its stake in shares of SeaChange International by 16.7% in the first quarter. King Luther Capital Management Corp now owns 70,000 shares of the software maker’s stock valued at $174,000 after buying an additional 10,000 shares during the period. Renaissance Technologies LLC boosted its stake in shares of SeaChange International by 6.3% in the first quarter. Renaissance Technologies LLC now owns 968,900 shares of the software maker’s stock valued at $2,403,000 after buying an additional 57,776 shares during the period. VIEX Capital Advisors LLC boosted its stake in shares of SeaChange International by 18.5% in the first quarter. VIEX Capital Advisors LLC now owns 3,875,956 shares of the software maker’s stock valued at $9,612,000 after buying an additional 604,406 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of SeaChange International by 0.3% in the first quarter. Geode Capital Management LLC now owns 181,276 shares of the software maker’s stock valued at $449,000 after buying an additional 522 shares during the period. 76.33% of the stock is currently owned by institutional investors.

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SeaChange International Company Profile

SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.

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Earnings History and Estimates for SeaChange International (NASDAQ:SEAC)

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