Analysts expect that Top Image Systems, Ltd. (NASDAQ:TISA) will post sales of $7.36 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Top Image Systems’ earnings, with estimates ranging from $7.21 million to $7.50 million. Top Image Systems reported sales of $8.49 million during the same quarter last year, which would indicate a negative year over year growth rate of 13.3%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, August 16th.

On average, analysts expect that Top Image Systems will report full-year sales of $7.36 million for the current year, with estimates ranging from $29.91 million to $31.70 million. For the next fiscal year, analysts forecast that the company will post sales of $35.06 million per share, with estimates ranging from $34.42 million to $35.70 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Top Image Systems.

Top Image Systems (NASDAQ:TISA) last posted its quarterly earnings data on Thursday, May 18th. The software maker reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Top Image Systems had a negative net margin of 19.75% and a negative return on equity of 26.38%. The business had revenue of $7.33 million for the quarter, compared to the consensus estimate of $6.98 million.

Several analysts have weighed in on TISA shares. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Top Image Systems in a report on Monday, July 10th. Zacks Investment Research raised Top Image Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, ValuEngine raised Top Image Systems from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $2.50.

A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC increased its position in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,400 shares of the software maker’s stock after buying an additional 4,874 shares during the period. Renaissance Technologies LLC owned approximately 0.91% of Top Image Systems worth $201,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.75% of the company’s stock.

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Top Image Systems (NASDAQ TISA) opened at 1.34 on Friday. Top Image Systems has a 52-week low of $1.11 and a 52-week high of $2.45. The stock’s 50 day moving average is $1.32 and its 200 day moving average is $1.32. The company’s market cap is $24.03 million.

About Top Image Systems

Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.

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