Q1 2018 Earnings Estimate for EMCORE Corporation (EMKR) Issued By B. Riley
EMCORE Corporation (NASDAQ:EMKR) – Equities research analysts at B. Riley issued their Q1 2018 earnings per share estimates for EMCORE in a research note issued to investors on Wednesday. B. Riley analyst D. Kang anticipates that the semiconductor company will earn $0.06 per share for the quarter. B. Riley currently has a “Neutral” rating and a $7.00 target price on the stock. B. Riley also issued estimates for EMCORE’s Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.33 EPS.
A number of other research analysts have also recently commented on the stock. Northland Securities restated a “buy” rating and set a $13.00 price target on shares of EMCORE in a research note on Tuesday, September 12th. Lake Street Capital restated a “buy” rating and set a $10.00 price target on shares of EMCORE in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.13.
EMCORE (NASDAQ:EMKR) last announced its quarterly earnings results on Tuesday, December 5th. The semiconductor company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $29.20 million for the quarter, compared to the consensus estimate of $30.29 million. EMCORE had a return on equity of 9.30% and a net margin of 6.70%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Paradigm Capital Management Inc. NY increased its holdings in shares of EMCORE by 13.5% during the third quarter. Paradigm Capital Management Inc. NY now owns 2,312,800 shares of the semiconductor company’s stock worth $18,965,000 after buying an additional 274,700 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of EMCORE by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,165,933 shares of the semiconductor company’s stock worth $12,417,000 after buying an additional 58,486 shares in the last quarter. Royce & Associates LP increased its holdings in shares of EMCORE by 5.0% during the second quarter. Royce & Associates LP now owns 1,133,251 shares of the semiconductor company’s stock worth $12,069,000 after buying an additional 53,453 shares in the last quarter. RK Capital Management LLC increased its holdings in shares of EMCORE by 7.5% during the third quarter. RK Capital Management LLC now owns 1,115,679 shares of the semiconductor company’s stock worth $9,149,000 after buying an additional 77,741 shares in the last quarter. Finally, Northpointe Capital LLC increased its holdings in shares of EMCORE by 72.3% during the third quarter. Northpointe Capital LLC now owns 518,004 shares of the semiconductor company’s stock worth $4,248,000 after buying an additional 217,358 shares in the last quarter. 78.34% of the stock is owned by institutional investors.
In other news, CEO Jeffrey Rittichier sold 9,189 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $8.45, for a total transaction of $77,647.05. Following the completion of the sale, the chief executive officer now owns 288,505 shares of the company’s stock, valued at $2,437,867.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.77% of the company’s stock.
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EMCORE Company Profile
EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment.
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