$0.16 Earnings Per Share Expected for Electronics for Imaging, Inc. (EFII) This Quarter
Wall Street brokerages forecast that Electronics for Imaging, Inc. (NASDAQ:EFII) will announce $0.16 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Electronics for Imaging’s earnings, with estimates ranging from $0.08 to $0.23. Electronics for Imaging posted earnings of $0.11 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 45.5%. The firm is scheduled to announce its next earnings report on Monday, July 24th.
On average, analysts expect that Electronics for Imaging will report full year earnings of $0.93 per share for the current financial year, with EPS estimates ranging from $0.73 to $1.12. For the next financial year, analysts expect that the business will report earnings of $1.25 per share, with EPS estimates ranging from $1.00 to $1.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Electronics for Imaging.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Thursday, April 20th. The technology company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The company had revenue of $228.70 million for the quarter, compared to the consensus estimate of $239.19 million. Electronics for Imaging had a return on equity of 7.77% and a net margin of 4.96%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share.
A number of brokerages have issued reports on EFII. Needham & Company LLC restated a “buy” rating and set a $53.00 target price (down previously from $54.00) on shares of Electronics for Imaging in a research report on Wednesday, April 19th. Longbow Research lowered shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub lowered shares of Electronics for Imaging from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Aegis began coverage on shares of Electronics for Imaging in a research report on Tuesday, June 13th. They set a “buy” rating and a $58.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $54.00.
In related news, Director Thomas Georgens sold 25,000 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $46.56, for a total transaction of $1,164,000.00. Following the sale, the director now owns 68,500 shares in the company, valued at approximately $3,189,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Guy Gecht sold 13,718 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $47.38, for a total transaction of $649,958.84. Following the sale, the chief executive officer now owns 401,648 shares in the company, valued at approximately $19,030,082.24. The disclosure for this sale can be found here. Insiders have sold a total of 66,126 shares of company stock worth $3,098,994 in the last quarter. 1.88% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of EFII. Norges Bank purchased a new stake in Electronics for Imaging during the fourth quarter valued at about $12,991,000. Thrivent Financial for Lutherans raised its stake in Electronics for Imaging by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,060 shares of the technology company’s stock valued at $1,099,000 after buying an additional 1,240 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Electronics for Imaging by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the technology company’s stock valued at $923,000 after buying an additional 100 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Electronics for Imaging during the fourth quarter valued at about $376,000. Finally, Goldman Sachs Group Inc. raised its stake in Electronics for Imaging by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,566,893 shares of the technology company’s stock valued at $125,342,000 after buying an additional 81,880 shares in the last quarter.
Electronics for Imaging (NASDAQ:EFII) traded up 1.61% during midday trading on Thursday, reaching $49.27. The company’s stock had a trading volume of 377,800 shares. Electronics for Imaging has a 52 week low of $40.72 and a 52 week high of $51.15. The firm has a market cap of $2.29 billion, a P/E ratio of 48.69 and a beta of 1.22. The firm has a 50 day moving average price of $48.37 and a 200-day moving average price of $47.00.
About Electronics for Imaging
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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