eMagin Co. (NYSE:EMAN) Expected to Post Earnings of -$0.05 Per Share
Brokerages expect eMagin Co. (NYSE:EMAN) to post earnings of ($0.05) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for eMagin’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.05). eMagin reported earnings per share of ($0.07) during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The firm is expected to report its next earnings report on Thursday, August 10th.
On average, analysts expect that eMagin will report full-year earnings of ($0.19) per share for the current year, with EPS estimates ranging from ($0.21) to ($0.16). For the next year, analysts expect that the business will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.14) to ($0.10). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow eMagin.
eMagin (NYSE:EMAN) last announced its earnings results on Thursday, May 11th. The semiconductor company reported ($0.06) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). eMagin had a negative return on equity of 40.94% and a negative net margin of 32.94%. The firm had revenue of $6.07 million for the quarter, compared to analysts’ expectations of $6.40 million.
Several brokerages recently weighed in on EMAN. Zacks Investment Research upgraded shares of eMagin from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a report on Tuesday, May 9th. HC Wainwright began coverage on shares of eMagin in a report on Saturday, June 24th. They issued a “buy” rating and a $4.00 price objective on the stock. Finally, Rodman & Renshaw restated a “buy” rating and issued a $4.00 price objective on shares of eMagin in a report on Friday, June 23rd.
Shares of eMagin (NYSE EMAN) remained flat at $2.45 during midday trading on Thursday. The company had a trading volume of 54,186 shares. The stock has a 50 day moving average of $2.53 and a 200 day moving average of $2.41. eMagin has a 52-week low of $1.85 and a 52-week high of $3.30. The stock’s market capitalization is $77.55 million.
In other news, major shareholder Stillwater Holdings Llc bought 50,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were bought at an average cost of $2.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the insider now owns 1,283,501 shares in the company, valued at approximately $2,567,002. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
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eMagin Company Profile
eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.
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