Kornit Digital Ltd. (NASDAQ:KRNT) – Research analysts at William Blair issued their Q2 2018 earnings estimates for shares of Kornit Digital in a research report issued on Tuesday. William Blair analyst B. Drab anticipates that the industrial products company will earn $0.07 per share for the quarter. William Blair also issued estimates for Kornit Digital’s Q3 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.17 EPS.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $28.59 million during the quarter, compared to analysts’ expectations of $29.81 million. Kornit Digital had a negative net margin of 0.71% and a positive return on equity of 4.77%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the company earned $0.02 earnings per share. TRADEMARK VIOLATION WARNING: “Analysts Offer Predictions for Kornit Digital Ltd.’s Q2 2018 Earnings (KRNT)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/10/analysts-offer-predictions-for-kornit-digital-ltd-s-q2-2018-earnings-krnt.html.

Several other research analysts have also recently weighed in on KRNT. BidaskClub cut shares of Kornit Digital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Canaccord Genuity restated a “buy” rating and set a $24.00 price target on shares of Kornit Digital in a report on Tuesday, August 8th. Citigroup Inc. cut shares of Kornit Digital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.50 to $14.00 in a report on Wednesday, September 27th. Stifel Nicolaus lowered their price objective on shares of Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Finally, Needham & Company LLC lowered their price objective on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Kornit Digital currently has a consensus rating of “Hold” and a consensus target price of $18.67.

Shares of Kornit Digital (KRNT) traded down $0.15 during midday trading on Friday, hitting $15.65. 74,212 shares of the stock were exchanged, compared to its average volume of 345,894. The firm has a market capitalization of $548.19, a PE ratio of 81.25, a P/E/G ratio of 5.30 and a beta of 0.06. Kornit Digital has a 52-week low of $11.00 and a 52-week high of $23.15.

Hedge funds have recently made changes to their positions in the stock. Stephens Investment Management Group LLC boosted its holdings in shares of Kornit Digital by 64.2% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,269,012 shares of the industrial products company’s stock valued at $24,555,000 after acquiring an additional 496,117 shares during the last quarter. Timpani Capital Management LLC boosted its holdings in shares of Kornit Digital by 40.8% during the 2nd quarter. Timpani Capital Management LLC now owns 144,404 shares of the industrial products company’s stock valued at $2,794,000 after acquiring an additional 41,836 shares during the last quarter. Lebenthal Lisanti Capital Growth LLC boosted its holdings in shares of Kornit Digital by 90.0% during the 2nd quarter. Lebenthal Lisanti Capital Growth LLC now owns 46,857 shares of the industrial products company’s stock valued at $907,000 after acquiring an additional 22,197 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of Kornit Digital by 100.2% during the 2nd quarter. Essex Investment Management Co. LLC now owns 303,401 shares of the industrial products company’s stock valued at $5,871,000 after acquiring an additional 151,875 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Kornit Digital by 609.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 604,120 shares of the industrial products company’s stock valued at $11,690,000 after acquiring an additional 518,927 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

About Kornit Digital

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

Earnings History and Estimates for Kornit Digital (NASDAQ:KRNT)

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