Equities research analysts expect Exa Corporation (NASDAQ:EXA) to announce sales of $20.40 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Exa Corporation’s earnings, with the lowest sales estimate coming in at $20.30 million and the highest estimate coming in at $20.50 million. Exa Corporation reported sales of $19.16 million during the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The firm is scheduled to report its next quarterly earnings results on Wednesday, November 29th.

On average, analysts expect that Exa Corporation will report full year sales of $20.40 million for the current year, with estimates ranging from $76.60 million to $76.90 million. For the next year, analysts forecast that the firm will post sales of $83.95 million per share, with estimates ranging from $82.70 million to $85.21 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Exa Corporation.

Exa Corporation (NASDAQ:EXA) last announced its quarterly earnings data on Monday, August 28th. The technology company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). Exa Corporation had a negative net margin of 6.46% and a negative return on equity of 25.19%. The firm had revenue of $17.50 million for the quarter, compared to analyst estimates of $17.58 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year.

A number of brokerages recently issued reports on EXA. Zacks Investment Research cut shares of Exa Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BidaskClub cut shares of Exa Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Needham & Company LLC cut shares of Exa Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Robert W. Baird cut shares of Exa Corporation from an “outperform” rating to a “neutral” rating in a research report on Thursday, September 28th. Finally, Stifel Nicolaus cut shares of Exa Corporation from a “buy” rating to a “hold” rating and lifted their price target for the company from $17.00 to $24.25 in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Exa Corporation currently has an average rating of “Hold” and an average price target of $20.63.

In other Exa Corporation news, major shareholder Soros Fund Management Llc purchased 159,500 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was bought at an average cost of $14.46 per share, with a total value of $2,306,370.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have purchased 243,310 shares of company stock valued at $3,628,183. 11.53% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. American International Group Inc. raised its holdings in Exa Corporation by 7.0% in the first quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock worth $108,000 after buying an additional 556 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Exa Corporation by 27.0% in the first quarter. Russell Investments Group Ltd. now owns 10,330 shares of the technology company’s stock worth $131,000 after buying an additional 2,198 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Exa Corporation by 399.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock worth $134,000 after buying an additional 8,459 shares during the last quarter. Oxford Asset Management purchased a new position in Exa Corporation in the first quarter worth about $140,000. Finally, Rhumbline Advisers raised its holdings in Exa Corporation by 4.6% in the second quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock worth $191,000 after buying an additional 605 shares during the last quarter. 75.57% of the stock is owned by institutional investors and hedge funds.

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Exa Corporation (NASDAQ:EXA) opened at 24.21 on Friday. Exa Corporation has a one year low of $12.34 and a one year high of $24.42. The firm’s market cap is $363.54 million. The stock’s 50 day moving average is $19.64 and its 200 day moving average is $15.12.

About Exa Corporation

Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.

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