William Blair Weighs in on Electronics for Imaging, Inc.’s Q3 2017 Earnings (EFII)
Electronics for Imaging, Inc. (NASDAQ:EFII) – William Blair dropped their Q3 2017 earnings estimates for Electronics for Imaging in a report released on Tuesday. William Blair analyst B. Drab now anticipates that the technology company will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.09. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Electronics for Imaging’s FY2017 earnings at $0.49 EPS, FY2018 earnings at $0.81 EPS and FY2019 earnings at $1.19 EPS.
Electronics for Imaging (NASDAQ:EFII) last issued its earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). Electronics for Imaging had a return on equity of 5.58% and a net margin of 4.70%. The business had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $247.65 million. During the same period last year, the business earned $0.56 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis.
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Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Electronics for Imaging from a “c+” rating to a “b-” rating in a report on Monday, June 5th. BidaskClub cut shares of Electronics for Imaging from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Loop Capital initiated coverage on shares of Electronics for Imaging in a report on Monday, July 24th. They issued a “buy” rating and a $58.00 target price for the company. Aegis initiated coverage on shares of Electronics for Imaging in a report on Tuesday, June 13th. They issued a “buy” rating and a $58.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $38.00 target price (down previously from $53.00) on shares of Electronics for Imaging in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.11.
Electronics for Imaging (NASDAQ EFII) opened at 40.78 on Thursday. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15. The company’s 50 day moving average is $37.36 and its 200 day moving average is $45.00. The stock has a market cap of $1.89 billion, a PE ratio of 42.26 and a beta of 1.27.
A number of institutional investors have recently made changes to their positions in the business. 1st Global Advisors Inc. raised its position in Electronics for Imaging by 11.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 7,715 shares of the technology company’s stock worth $366,000 after buying an additional 773 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Electronics for Imaging during the 2nd quarter worth $476,000. Westwood Holdings Group Inc. grew its stake in shares of Electronics for Imaging by 7.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,055,845 shares of the technology company’s stock worth $49,629,000 after purchasing an additional 75,045 shares during the period. Castleark Management LLC acquired a new position in shares of Electronics for Imaging during the 2nd quarter worth $8,723,000. Finally, State Street Corp grew its stake in shares of Electronics for Imaging by 3.7% during the 2nd quarter. State Street Corp now owns 1,165,317 shares of the technology company’s stock worth $55,217,000 after purchasing an additional 41,326 shares during the period.
In other Electronics for Imaging news, CEO Guy Gecht sold 13,746 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $48.21, for a total transaction of $662,694.66. Following the completion of the transaction, the chief executive officer now owns 386,760 shares in the company, valued at approximately $18,645,699.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 45,458 shares of company stock valued at $2,118,405. 1.88% of the stock is owned by insiders.
Electronics for Imaging declared that its board has authorized a share buyback program on Monday, September 11th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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