Safeguard Scientifics, Inc. (NYSE:SFE) – Analysts at First Analysis raised their FY2017 earnings estimates for Safeguard Scientifics in a research report issued to clients and investors on Monday. First Analysis analyst J. Macdonald now expects that the asset manager will post earnings per share of ($4.47) for the year, up from their prior forecast of ($4.69). First Analysis also issued estimates for Safeguard Scientifics’ Q4 2017 earnings at ($1.05) EPS, Q1 2018 earnings at ($1.10) EPS and FY2018 earnings at ($4.25) EPS.

Safeguard Scientifics (NYSE:SFE) last issued its quarterly earnings results on Thursday, October 26th. The asset manager reported ($0.91) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.11) by $0.20. During the same period in the prior year, the business earned ($1.18) EPS.

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Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Safeguard Scientifics from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Safeguard Scientifics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, ValuEngine upgraded shares of Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.

Safeguard Scientifics (NYSE SFE) opened at 14.10 on Wednesday. Safeguard Scientifics has a 52 week low of $10.60 and a 52 week high of $14.40. The company’s 50-day moving average price is $13.46 and its 200 day moving average price is $12.29. The company’s market capitalization is $287.82 million.

Hedge funds have recently modified their holdings of the business. American International Group Inc. lifted its position in Safeguard Scientifics by 7.2% during the first quarter. American International Group Inc. now owns 12,407 shares of the asset manager’s stock worth $158,000 after acquiring an additional 833 shares during the last quarter. KBC Group NV lifted its position in Safeguard Scientifics by 41.3% during the second quarter. KBC Group NV now owns 13,351 shares of the asset manager’s stock worth $159,000 after acquiring an additional 3,904 shares during the last quarter. Nationwide Fund Advisors lifted its position in Safeguard Scientifics by 7.6% during the second quarter. Nationwide Fund Advisors now owns 14,195 shares of the asset manager’s stock worth $169,000 after acquiring an additional 1,006 shares during the last quarter. Alliancebernstein L.P. lifted its position in Safeguard Scientifics by 27.4% during the second quarter. Alliancebernstein L.P. now owns 14,430 shares of the asset manager’s stock worth $172,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Safeguard Scientifics by 12.9% during the first quarter. Goldman Sachs Group Inc. now owns 15,336 shares of the asset manager’s stock worth $195,000 after acquiring an additional 1,754 shares during the last quarter. Hedge funds and other institutional investors own 77.57% of the company’s stock.

Safeguard Scientifics Company Profile

Safeguard Scientifics, Inc is engaged in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies.

Earnings History and Estimates for Safeguard Scientifics (NYSE:SFE)

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