Electronics for Imaging, Inc. (NASDAQ:EFII) – Stock analysts at Griffin Securities dropped their Q3 2017 EPS estimates for Electronics for Imaging in a research note issued on Tuesday. Griffin Securities analyst M. Ajzenman now forecasts that the technology company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.30. Griffin Securities also issued estimates for Electronics for Imaging’s Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $0.67 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.16 EPS and FY2018 earnings at $1.21 EPS.

A number of other brokerages have also issued reports on EFII. Barclays PLC reiterated a “buy” rating and set a $47.00 price target on shares of Electronics for Imaging in a research report on Thursday. ValuEngine lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. TheStreet lowered Electronics for Imaging from a “b-” rating to a “c” rating in a research report on Friday, August 4th. Morgan Stanley lowered Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of Electronics for Imaging in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $50.70.

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Shares of Electronics for Imaging (NASDAQ EFII) opened at 40.74 on Friday. Electronics for Imaging has a one year low of $25.54 and a one year high of $51.15. The stock’s 50 day moving average price is $36.90 and its 200-day moving average price is $44.94. The company has a market cap of $1.89 billion, a PE ratio of 42.22 and a beta of 1.27.

Electronics for Imaging (NASDAQ:EFII) last issued its quarterly earnings data on Monday, September 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $247.00 million for the quarter, compared to the consensus estimate of $247.65 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue was up .5% on a year-over-year basis.

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wisconsin Investment Board raised its stake in shares of Electronics for Imaging by 0.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 145,570 shares of the technology company’s stock worth $6,897,000 after buying an additional 1,163 shares in the last quarter. Lebenthal Lisanti Capital Growth LLC bought a new stake in shares of Electronics for Imaging in the 2nd quarter worth $1,664,000. Goldman Sachs Group Inc. raised its stake in shares of Electronics for Imaging by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,566,893 shares of the technology company’s stock worth $125,342,000 after buying an additional 81,880 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Electronics for Imaging by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 24,269 shares of the technology company’s stock worth $1,150,000 after buying an additional 100 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Electronics for Imaging by 2,651.1% in the 1st quarter. UBS Group AG now owns 11,637 shares of the technology company’s stock worth $568,000 after buying an additional 11,214 shares in the last quarter.

In other news, CEO Guy Gecht sold 13,746 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $48.21, for a total value of $662,694.66. Following the sale, the chief executive officer now owns 386,760 shares of the company’s stock, valued at approximately $18,645,699.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 45,458 shares of company stock worth $2,118,405 in the last three months. Company insiders own 1.88% of the company’s stock.

Electronics for Imaging announced that its Board of Directors has initiated a share repurchase 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 repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

About Electronics for Imaging

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.

Earnings History and Estimates for Electronics for Imaging (NASDAQ:EFII)

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