American Superconductor Corporation (AMSC) Set to Announce Quarterly Earnings on Tuesday
American Superconductor Corporation (NASDAQ:AMSC) is set to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.69) per share for the quarter.
American Superconductor Corporation (NASDAQ:AMSC) last announced its earnings results on Tuesday, August 8th. The technology company reported ($0.97) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.06) by $0.09. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The firm had revenue of $8.92 million during the quarter, compared to analyst estimates of $8.46 million. During the same quarter in the prior year, the company earned ($0.64) EPS. The business’s revenue was down 33.2% compared to the same quarter last year. On average, analysts expect American Superconductor Corporation to post $-2.37 EPS for the current fiscal year and $-0.92 EPS for the next fiscal year.
American Superconductor Corporation (NASDAQ:AMSC) opened at 4.26 on Tuesday. American Superconductor Corporation has a 12 month low of $2.89 and a 12 month high of $8.55. The stock has a 50 day moving average price of $4.33 and a 200 day moving average price of $4.42. The company’s market cap is $81.77 million.
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AMSC has been the subject of a number of research reports. FBR & Co reiterated a “buy” rating and issued a $11.00 price target on shares of American Superconductor Corporation in a report on Tuesday, July 4th. Zacks Investment Research lowered American Superconductor Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Cowen and Company reiterated a “buy” rating and issued a $6.00 price target (down previously from $7.50) on shares of American Superconductor Corporation in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. American Superconductor Corporation presently has a consensus rating of “Buy” and an average target price of $7.04.
About American Superconductor Corporation
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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