Analysts Expect Mimecast Ltd (MIME) to Post $0.02 EPS

Equities research analysts expect that Mimecast Ltd (NASDAQ:MIME) will report earnings per share of $0.02 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Mimecast’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.04. The business is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Mimecast will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.12. For the next financial year, analysts expect that the company will post earnings of $0.16 per share, with EPS estimates ranging from $0.04 to $0.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Mimecast.

MIME has been the subject of a number of recent research reports. Dougherty & Co lifted their price objective on shares of Mimecast from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Royal Bank Of Canada restated a “buy” rating and set a $33.00 price objective on shares of Mimecast in a research report on Wednesday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price target on shares of Mimecast in a research report on Tuesday, September 12th. Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of Mimecast in a research report on Sunday, September 10th. Finally, Oppenheimer reiterated a “buy” rating and issued a $35.00 price target (up from $32.00) on shares of Mimecast in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.83.

A number of hedge funds and other institutional investors have recently made changes to their positions in MIME. Brown Advisory Inc. grew its holdings in shares of Mimecast by 23.1% during the third quarter. Brown Advisory Inc. now owns 1,671,109 shares of the technology company’s stock worth $47,492,000 after buying an additional 313,455 shares in the last quarter. Columbus Circle Investors lifted its position in Mimecast by 35.1% in the third quarter. Columbus Circle Investors now owns 984,785 shares of the technology company’s stock valued at $27,988,000 after buying an additional 256,023 shares during the last quarter. Renaissance Technologies LLC lifted its position in Mimecast by 83.0% in the second quarter. Renaissance Technologies LLC now owns 684,600 shares of the technology company’s stock valued at $18,334,000 after buying an additional 310,500 shares during the last quarter. ETF Managers Group LLC acquired a new position in Mimecast in the second quarter valued at about $17,278,000. Finally, Granahan Investment Management Inc. MA lifted its position in Mimecast by 2.9% in the third quarter. Granahan Investment Management Inc. MA now owns 582,720 shares of the technology company’s stock valued at $16,561,000 after buying an additional 16,253 shares during the last quarter. Institutional investors and hedge funds own 58.69% of the company’s stock.

Shares of Mimecast (NASDAQ MIME) opened at $30.40 on Friday. Mimecast has a one year low of $16.75 and a one year high of $32.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 1.42.

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Mimecast Company Profile

Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.

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Earnings History and Estimates for Mimecast (NASDAQ:MIME)

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