Immersion Corporation (IMMR) Scheduled to Post Quarterly Earnings on Thursday
Immersion Corporation (NASDAQ:IMMR) will issue its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of ($0.26) per share for the quarter.
Immersion Corporation (NASDAQ:IMMR) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.01). Immersion Corporation had a negative net margin of 113.47% and a negative return on equity of 43.56%. The firm had revenue of $7.00 million during the quarter, compared to analyst estimates of $8.94 million. During the same period in the previous year, the company earned ($0.20) earnings per share. Immersion Corporation’s revenue was down 11.4% on a year-over-year basis. On average, analysts expect Immersion Corporation to post $-1.22 EPS for the current fiscal year and $-0.86 EPS for the next fiscal year.
Immersion Corporation (NASDAQ IMMR) opened at 8.14 on Thursday. The firm’s market capitalization is $238.19 million. The company has a 50 day moving average price of $7.97 and a 200 day moving average price of $8.21. Immersion Corporation has a 52-week low of $6.22 and a 52-week high of $11.92.
TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/26/immersion-corporation-immr-scheduled-to-post-quarterly-earnings-on-thursday.html.
A number of brokerages recently weighed in on IMMR. B. Riley reissued a “buy” rating and issued a $10.50 price target on shares of Immersion Corporation in a research report on Monday, July 31st. Zacks Investment Research raised shares of Immersion Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Cowen and Company set a $11.00 price target on shares of Immersion Corporation and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine raised shares of Immersion Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, September 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Immersion Corporation currently has a consensus rating of “Buy” and a consensus price target of $10.75.
About Immersion Corporation
Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.
Receive News & Ratings for Immersion Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Immersion Corporation and related companies with MarketBeat.com's FREE daily email newsletter.