Equities research analysts expect Kornit Digital Ltd. (NASDAQ:KRNT) to report $0.14 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Kornit Digital’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.13. Kornit Digital reported earnings per share of $0.11 during the same quarter last year, which suggests a positive year over year growth rate of 27.3%. The company is expected to announce its next quarterly earnings results on Wednesday, November 8th.

On average, analysts expect that Kornit Digital will report full year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.37 to $0.43. For the next financial year, analysts forecast that the business will report earnings of $0.65 per share, with EPS estimates ranging from $0.60 to $0.70. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Kornit Digital.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $29.81 million. Kornit Digital had a negative net margin of 0.29% and a positive return on equity of 7.05%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share.

A number of equities research analysts have recently weighed in on KRNT shares. Craig Hallum started coverage on shares of Kornit Digital in a research note on Tuesday, July 11th. They set a “buy” rating and a $26.00 target price on the stock. BidaskClub lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $24.00 target price on shares of Kornit Digital in a research note on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Kornit Digital currently has an average rating of “Buy” and a consensus price target of $21.86.

Shares of Kornit Digital (NASDAQ KRNT) opened at 16.50 on Friday. The firm’s 50-day moving average is $17.86 and its 200-day moving average is $18.53. Kornit Digital has a 12 month low of $8.90 and a 12 month high of $23.15. The company’s market cap is $555.36 million.

Large investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado bought a new stake in Kornit Digital during the second quarter worth about $101,000. Cowen Prime Services LLC boosted its stake in Kornit Digital by 104.8% during the second quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 3,100 shares in the last quarter. Van ECK Associates Corp boosted its stake in Kornit Digital by 49.4% during the second quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 2,583 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Kornit Digital by 1,540.0% during the second quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 7,700 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Kornit Digital by 104.3% during the first quarter. Sei Investments Co. now owns 9,111 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 4,652 shares in the last quarter. 73.83% of the stock is currently owned by institutional investors and hedge funds.

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About Kornit Digital

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

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