eMagin Co. (NYSE:EMAN) Expected to Announce Quarterly Sales of $6.00 Million
Analysts forecast that eMagin Co. (NYSE:EMAN) will report sales of $6.00 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for eMagin’s earnings. The lowest sales estimate is $5.80 million and the highest is $6.40 million. eMagin reported sales of $5.53 million in the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The company is expected to issue its next quarterly earnings report on Thursday, August 10th.
According to Zacks, analysts expect that eMagin will report full-year sales of $6.00 million for the current fiscal year, with estimates ranging from $26.20 million to $28.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $34.21 million per share, with estimates ranging from $32.93 million to $35.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for eMagin.
eMagin (NYSE:EMAN) last posted its earnings results on Thursday, May 11th. The semiconductor company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $6.07 million for the quarter, compared to analyst estimates of $6.40 million. eMagin had a negative return on equity of 40.94% and a negative net margin of 32.94%.
EMAN has been the topic of several recent analyst reports. Zacks Investment Research upgraded eMagin from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Friday, March 31st. HC Wainwright initiated coverage on eMagin in a research report on Saturday, June 24th. They set a “buy” rating and a $4.00 target price on the stock. Finally, Rodman & Renshaw reiterated a “buy” rating and set a $4.00 target price on shares of eMagin in a research report on Friday, June 23rd.
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In other news, major shareholder Stillwater Holdings Llc purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average price of $2.00 per share, for a total transaction of $100,000.00. Following the acquisition, the insider now directly owns 1,283,501 shares in the company, valued at approximately $2,567,002. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
eMagin (NYSE:EMAN) traded up 2.04% during mid-day trading on Friday, reaching $2.50. The company had a trading volume of 47,144 shares. eMagin has a 12 month low of $1.85 and a 12 month high of $3.30. The firm’s 50 day moving average price is $2.53 and its 200-day moving average price is $2.41. The company’s market capitalization is $79.13 million.
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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