Wall Street brokerages forecast that Kornit Digital Ltd (NASDAQ:KRNT) will post earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kornit Digital’s earnings, with estimates ranging from $0.05 to $0.06. Kornit Digital posted earnings per share of $0.16 in the same quarter last year, which would suggest a negative year over year growth rate of 62.5%. The firm is scheduled to issue its next earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Kornit Digital will report full-year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.21. For the next year, analysts anticipate that the business will post earnings of $0.49 per share, with EPS estimates ranging from $0.45 to $0.53. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Kornit Digital.

A number of brokerages have issued reports on KRNT. Barclays decreased their target price on shares of Kornit Digital from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, September 27th. Needham & Company LLC decreased their target price on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, September 27th. Canaccord Genuity reissued a “buy” rating and set a $18.00 target price (down previously from $24.00) on shares of Kornit Digital in a research note on Wednesday, September 27th. Stifel Nicolaus decreased their target price on shares of Kornit Digital from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, September 27th. Finally, Citigroup lowered shares of Kornit Digital from a “buy” rating to a “neutral” rating and decreased their target price for the company from $21.50 to $14.00 in a research note on Wednesday, September 27th. Two investment 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 an average price target of $18.67.

Several hedge funds have recently added to or reduced their stakes in KRNT. TIAA CREF Investment Management LLC lifted its stake in shares of Kornit Digital by 244.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 33,110 shares of the industrial products company’s stock valued at $632,000 after purchasing an additional 23,507 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Kornit Digital by 364.8% in the 1st quarter. Bank of America Corp DE now owns 32,127 shares of the industrial products company’s stock valued at $614,000 after purchasing an additional 25,215 shares during the last quarter. Credit Suisse AG acquired a new stake in shares of Kornit Digital in the 1st quarter valued at $319,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Kornit Digital in the 2nd quarter valued at $101,000. Finally, Sei Investments Co. lifted its stake in shares of Kornit Digital by 37.1% in the 2nd quarter. Sei Investments Co. now owns 12,487 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 3,376 shares during the last quarter. 78.84% of the stock is owned by institutional investors and hedge funds.

Shares of Kornit Digital (NASDAQ:KRNT) opened at $15.75 on Tuesday. The stock has a market cap of $538.07, a price-to-earnings ratio of 79.75, a price-to-earnings-growth ratio of 4.60 and a beta of 0.18. Kornit Digital has a 52 week low of $12.05 and a 52 week high of $23.15.

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Kornit Digital Company Profile

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.

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

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