Zacks: Brokerages Expect Research Frontiers Incorporated (NASDAQ:REFR) Will Post Quarterly Sales of $470,000.00
Equities analysts forecast that Research Frontiers Incorporated (NASDAQ:REFR) will post sales of $470,000.00 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Research Frontiers’ earnings. The lowest sales estimate is $440,000.00 and the highest is $500,000.00. Research Frontiers posted sales of $310,000.00 during the same quarter last year, which suggests a positive year-over-year growth rate of 51.6%. The company is expected to announce its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Research Frontiers will report full year sales of $470,000.00 for the current fiscal year, with estimates ranging from $1.66 million to $1.80 million. For the next fiscal year, analysts expect that the firm will post sales of $2.62 million per share. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Research Frontiers.
Research Frontiers (NASDAQ:REFR) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The business had revenue of $0.35 million during the quarter, compared to analyst estimates of $0.38 million. Research Frontiers had a negative net margin of 255.89% and a negative return on equity of 73.14%.
A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Research Frontiers from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Westpark Capital reiterated a “buy” rating on shares of Research Frontiers in a research report on Monday, May 8th. Finally, ValuEngine upgraded shares of Research Frontiers from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th.
Shares of Research Frontiers (NASDAQ:REFR) opened at 1.22 on Tuesday. Research Frontiers has a 12 month low of $0.98 and a 12 month high of $3.32. The company’s market capitalization is $29.33 million. The company has a 50-day moving average of $1.28 and a 200 day moving average of $1.42.
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A hedge fund recently raised its stake in Research Frontiers stock. FMR LLC raised its stake in shares of Research Frontiers Incorporated (NASDAQ:REFR) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 352,174 shares of the technology company’s stock after buying an additional 53,802 shares during the period. FMR LLC owned 1.46% of Research Frontiers worth $641,000 as of its most recent filing with the SEC. Institutional investors own 19.59% of the company’s stock.
About Research Frontiers
Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
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