Zacks: Brokerages Expect Electronics for Imaging, Inc. (EFII) Will Announce Earnings of $0.54 Per Share

Analysts expect that Electronics for Imaging, Inc. (NASDAQ:EFII) will report earnings of $0.54 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Electronics for Imaging’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.56. Electronics for Imaging posted earnings per share of $0.77 in the same quarter last year, which suggests a negative year over year growth rate of 29.9%. The firm is scheduled to report its next earnings results on Wednesday, January 24th.

On average, analysts expect that Electronics for Imaging will report full year earnings of $2.04 per share for the current year, with EPS estimates ranging from $1.76 to $2.13. For the next fiscal year, analysts expect that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $2.06 to $2.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Electronics for Imaging.

Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.10). The firm had revenue of $248.36 million for the quarter, compared to analyst estimates of $258.09 million. Electronics for Imaging had a net margin of 3.09% and a return on equity of 3.67%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS.

Several research firms recently commented on EFII. Wells Fargo & Company began coverage on shares of Electronics for Imaging in a research report on Tuesday, November 14th. They set a “market perform” rating and a $32.00 price target on the stock. ValuEngine raised shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barclays downgraded shares of Electronics for Imaging from an “overweight” rating to an “equal weight” rating in a report on Monday, November 6th. Citigroup decreased their price objective on shares of Electronics for Imaging from $53.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price objective on shares of Electronics for Imaging in a report on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.22.

In other news, Director Dan Maydan sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total transaction of $200,655.00. Following the completion of the sale, the director now owns 33,310 shares in the company, valued at approximately $1,028,279.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $42.76, for a total transaction of $384,840.00. Following the sale, the chief executive officer now owns 364,885 shares of the company’s stock, valued at approximately $15,602,482.60. The disclosure for this sale can be found here. Insiders sold 42,500 shares of company stock valued at $1,489,545 in the last 90 days. Company insiders own 1.88% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in EFII. SG Americas Securities LLC acquired a new position in shares of Electronics for Imaging during the 2nd quarter worth $108,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Electronics for Imaging by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock worth $119,000 after purchasing an additional 217 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Electronics for Imaging during the 3rd quarter worth $213,000. TrimTabs Asset Management LLC acquired a new position in shares of Electronics for Imaging during the 2nd quarter worth $216,000. Finally, Shelton Capital Management acquired a new position in shares of Electronics for Imaging during the 2nd quarter worth $219,000.

Electronics for Imaging (EFII) traded up $0.12 during mid-day trading on Friday, reaching $30.76. 786,500 shares of the company traded hands, compared to its average volume of 678,216. The firm has a market capitalization of $1,379.41, a price-to-earnings ratio of 46.45 and a beta of 1.26. The company has a current ratio of 2.63, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38. Electronics for Imaging has a 52 week low of $25.54 and a 52 week high of $51.15.

Electronics for Imaging declared that its Board of Directors has authorized a share repurchase plan on Monday, September 11th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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About Electronics for Imaging

Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.

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Earnings History and Estimates for Electronics for Imaging (NASDAQ:EFII)

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