Equities research analysts forecast that SeaChange International, Inc. (NASDAQ:SEAC) will announce $17.63 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for SeaChange International’s earnings, with the lowest sales estimate coming in at $17.17 million and the highest estimate coming in at $18.10 million. SeaChange International posted sales of $18.45 million during the same quarter last year, which indicates a negative year over year growth rate of 4.4%. The firm is expected to issue its next earnings results on Thursday, September 7th.

On average, analysts expect that SeaChange International will report full year sales of $17.63 million for the current fiscal year, with estimates ranging from $76.79 million to $80.60 million. For the next fiscal year, analysts forecast that the firm will post sales of $87.05 million per share. Zacks’ sales calculations are a mean 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) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.12. SeaChange International had a negative return on equity of 20.62% and a negative net margin of 85.83%. The business had revenue of $16.67 million for the quarter, compared to analysts’ expectations of $16.88 million. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. The business’s revenue was down 22.8% compared to the same quarter last year.

Several analysts have recently weighed in on SEAC shares. ValuEngine upgraded shares of SeaChange International from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 8th. Zacks Investment Research upgraded shares of SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Wednesday, June 14th.

Shares of SeaChange International (NASDAQ SEAC) traded down 2.74% during trading on Wednesday, reaching $2.84. The company had a trading volume of 57,882 shares. The stock’s market capitalization is $100.34 million. The stock has a 50 day moving average of $2.68 and a 200 day moving average of $2.52. SeaChange International has a 52-week low of $2.05 and a 52-week high of $3.42.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in SeaChange International by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 211,892 shares of the software maker’s stock valued at $526,000 after buying an additional 7,068 shares during the period. Eidelman Virant Capital boosted its position 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 valued at $272,000 after buying an additional 9,200 shares during the last quarter. King Luther Capital Management Corp boosted its position 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 valued at $174,000 after buying an additional 10,000 shares during the last quarter. Prudential Financial Inc. boosted its position 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 valued at $237,000 after buying an additional 11,500 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position 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 valued at $127,000 after buying an additional 19,045 shares during the last quarter. Institutional investors own 76.51% of the company’s stock.

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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Earnings History and Estimates for SeaChange International (NASDAQ:SEAC)

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