CyberOptics Corporation (CYBE) Forecasted to Post FY2017 Earnings of $0.08 Per Share
CyberOptics Corporation (NASDAQ:CYBE) – Analysts at Dougherty & Co issued their FY2017 earnings per share (EPS) estimates for shares of CyberOptics Corporation in a research report issued on Wednesday. Dougherty & Co analyst R. Ryan forecasts that the scientific and technical instruments company will post earnings of $0.08 per share for the year. Dougherty & Co has a “Buy” rating and a $21.00 price objective on the stock.
CYBE has been the subject of several other reports. Lake Street Capital reduced their price objective on CyberOptics Corporation from $27.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, October 3rd. ValuEngine downgraded CyberOptics Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Craig Hallum reiterated a “buy” rating and issued a $20.00 price objective (down from $25.00) on shares of CyberOptics Corporation in a report on Tuesday, October 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. CyberOptics Corporation currently has an average rating of “Buy” and a consensus price target of $18.67.
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CyberOptics Corporation (NASDAQ CYBE) opened at 14.10 on Monday. The company has a 50 day moving average of $14.07 and a 200-day moving average of $18.88. The stock has a market capitalization of $98.29 million, a P/E ratio of 12.38 and a beta of -0.33. CyberOptics Corporation has a one year low of $11.35 and a one year high of $41.18.
CyberOptics Corporation (NASDAQ:CYBE) last issued its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. The company had revenue of $11.83 million for the quarter. CyberOptics Corporation had a net margin of 12.86% and a return on equity of 3.24%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in CyberOptics Corporation in the 1st quarter worth about $141,000. New York State Common Retirement Fund bought a new stake in CyberOptics Corporation in the 2nd quarter worth about $151,000. Teachers Advisors LLC bought a new stake in CyberOptics Corporation in the 2nd quarter worth about $247,000. Schwab Charles Investment Management Inc. bought a new stake in CyberOptics Corporation in the 2nd quarter worth about $250,000. Finally, California State Teachers Retirement System bought a new stake in CyberOptics Corporation in the 2nd quarter worth about $252,000. Institutional investors own 60.56% of the company’s stock.
CyberOptics Corporation announced that its board has approved a stock repurchase program on Monday, October 2nd that allows the company to repurchase $3.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
CyberOptics Corporation Company Profile
Cyberoptics Corporation is a developer and manufacturer of sensing technology solutions. The Company’s products and services are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. Its products are sold into the electronics assembly, dynamic random access memory (DRAM) and flash memory, and semiconductor fabrication capital equipment markets.
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