Electronics for Imaging, Inc. (EFII) Expected to Post Quarterly Sales of $247.10 Million
Brokerages expect Electronics for Imaging, Inc. (NASDAQ:EFII) to announce $247.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Electronics for Imaging’s earnings, with the highest sales estimate coming in at $250.00 million and the lowest estimate coming in at $245.16 million. Electronics for Imaging reported sales of $245.65 million in the same quarter last year, which indicates a positive year over year growth rate of 0.6%. The company is expected to issue its next earnings report after the market closes on Thursday, August 3rd.
According to Zacks, analysts expect that Electronics for Imaging will report full year sales of $247.10 million for the current financial year, with estimates ranging from $1.01 billion to $1.05 billion. For the next year, analysts forecast that the business will report sales of $1.14 billion per share, with estimates ranging from $1.12 billion to $1.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Electronics for Imaging.
Electronics for Imaging (NASDAQ:EFII) last announced 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. Electronics for Imaging had a return on equity of 7.77% and a net margin of 4.96%. The company had revenue of $228.70 million for the quarter, compared to analyst estimates of $239.19 million. During the same quarter last year, the firm posted $0.55 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis.
A number of brokerages have weighed in on EFII. BidaskClub cut Electronics for Imaging from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet raised Electronics for Imaging from a “c+” rating to a “b-” rating in a research report on Monday, June 5th. Zacks Investment Research raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. William Blair reaffirmed an “outperform” rating on shares of Electronics for Imaging in a research report on Monday, June 12th. Finally, ValuEngine raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $54.00.
In other news, Director Thomas Georgens sold 25,000 shares of Electronics for Imaging stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $46.56, for a total value of $1,164,000.00. Following the transaction, the director now directly owns 68,500 shares in the company, valued at $3,189,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Guy Gecht sold 13,712 shares of Electronics for Imaging stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $47.57, for a total value of $652,279.84. Following the completion of the transaction, the chief executive officer now owns 392,648 shares in the company, valued at $18,678,265.36. The disclosure for this sale can be found here. Insiders sold 66,126 shares of company stock worth $3,098,994 over the last quarter. 1.88% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of EFII. Norges Bank acquired a new position in Electronics for Imaging during the fourth quarter worth approximately $12,991,000. Louisiana State Employees Retirement System raised its position 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 worth $923,000 after buying an additional 100 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Electronics for Imaging during the fourth quarter worth approximately $376,000. Goldman Sachs Group Inc. raised its position 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 worth $125,342,000 after buying an additional 81,880 shares during the last quarter. Finally, First Interstate Bank raised its position in Electronics for Imaging by 9.4% in the first quarter. First Interstate Bank now owns 4,518 shares of the technology company’s stock worth $221,000 after buying an additional 390 shares during the last quarter.
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Shares of Electronics for Imaging (NASDAQ:EFII) opened at 48.62 on Friday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 48.04 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. Electronics for Imaging has a 52 week low of $40.72 and a 52 week high of $51.15.
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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