-$0.07 Earnings Per Share Expected for SeaChange International, Inc. (SEAC) This Quarter
Equities research analysts expect SeaChange International, Inc. (NASDAQ:SEAC) to announce earnings per share (EPS) of ($0.07) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SeaChange International’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.09). SeaChange International posted earnings per share of ($0.24) during the same quarter last year, which indicates a positive year over year growth rate of 70.8%. The firm is scheduled to issue its next earnings results on Thursday, September 7th.
According to Zacks, analysts expect that SeaChange International will report full-year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.10) to ($0.07). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow SeaChange International.
SeaChange International (NASDAQ:SEAC) last posted its earnings results on Tuesday, June 6th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.12. The firm had revenue of $16.67 million during the quarter, compared to analyst estimates of $16.88 million. SeaChange International had a negative net margin of 85.83% and a negative return on equity of 20.62%. SeaChange International’s revenue was down 22.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) EPS.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research report on Wednesday, June 14th. ValuEngine raised SeaChange International from a “strong sell” rating to a “sell” rating in a report on Thursday, June 8th.
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A number of hedge funds have recently modified their holdings of the company. 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 worth $127,000 after buying an additional 19,045 shares during the last quarter. 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 worth $174,000 after buying an additional 10,000 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of SeaChange International during the fourth quarter worth approximately $216,000. Prudential Financial Inc. boosted its stake in shares of SeaChange International by 13.7% in the first quarter. Prudential Financial Inc. now owns 95,500 shares of the software maker’s stock worth $237,000 after buying an additional 11,500 shares during the last quarter. Finally, Eidelman Virant Capital boosted its stake in shares of SeaChange International by 9.1% in the first quarter. Eidelman Virant Capital now owns 109,813 shares of the software maker’s stock worth $272,000 after buying an additional 9,200 shares during the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.
Shares of SeaChange International (NASDAQ SEAC) opened at 2.76 on Monday. The stock has a 50 day moving average of $2.66 and a 200-day moving average of $2.52. The firm’s market capitalization is $97.51 million. SeaChange International has a 52 week low of $2.05 and a 52 week high of $3.42.
About SeaChange International
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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