Brokerages Anticipate American Superconductor Corporation (AMSC) to Announce -$0.69 Earnings Per Share
Equities analysts predict that American Superconductor Corporation (NASDAQ:AMSC) will report ($0.69) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for American Superconductor Corporation’s earnings, with the highest EPS estimate coming in at ($0.68) and the lowest estimate coming in at ($0.71). American Superconductor Corporation posted earnings of ($0.60) per share during the same quarter last year, which would indicate a negative year over year growth rate of 15%. The business is scheduled to announce its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that American Superconductor Corporation will report full-year earnings of ($2.32) per share for the current financial year, with EPS estimates ranging from ($2.54) to ($2.16). For the next year, analysts expect that the firm will report earnings of ($0.77) per share, with EPS estimates ranging from ($0.86) to ($0.66). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow American Superconductor Corporation.
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, beating 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 period last year, the firm posted ($0.64) EPS. The business’s revenue was down 33.2% compared to the same quarter last year.
A number of research analysts have recently issued reports on AMSC shares. Zacks Investment Research raised American Superconductor Corporation from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Tuesday, October 10th. FBR & Co reaffirmed a “hold” rating and set a $6.00 price target on shares of American Superconductor Corporation in a report on Wednesday, September 27th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $6.00 price target (down from $7.50) on shares of American Superconductor Corporation in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. American Superconductor Corporation has an average rating of “Buy” and an average target price of $7.04.
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Several large investors have recently made changes to their positions in the company. AWM Investment Company Inc. lifted its holdings in shares of American Superconductor Corporation by 22.7% during the second quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock valued at $7,018,000 after purchasing an additional 280,879 shares in the last quarter. Ardsley Advisory Partners lifted its holdings in shares of American Superconductor Corporation by 413.3% during the second quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock valued at $6,436,000 after purchasing an additional 1,119,200 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of American Superconductor Corporation by 7.9% during the first quarter. Renaissance Technologies LLC now owns 459,588 shares of the technology company’s stock valued at $3,153,000 after purchasing an additional 33,700 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of American Superconductor Corporation by 114.3% during the second quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock valued at $1,706,000 after purchasing an additional 197,000 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of American Superconductor Corporation during the second quarter valued at $1,617,000. 41.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Superconductor Corporation (AMSC) remained flat at $4.21 during midday trading on Tuesday. 37,607 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $4.33 and its 200-day moving average price is $4.42. The firm’s market cap is $80.81 million. American Superconductor Corporation has a 12-month low of $2.89 and a 12-month high of $8.55.
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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