$16.60 Million in Sales Expected for American Superconductor Co. (AMSC) This Quarter

Wall Street brokerages forecast that American Superconductor Co. (NASDAQ:AMSC) will report $16.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Superconductor’s earnings, with the lowest sales estimate coming in at $16.20 million and the highest estimate coming in at $17.00 million. American Superconductor posted sales of $27.15 million in the same quarter last year, which suggests a negative year over year growth rate of 38.9%. The company is expected to issue its next quarterly earnings results on Monday, February 5th.

According to Zacks, analysts expect that American Superconductor will report full-year sales of $16.60 million for the current fiscal year, with estimates ranging from $54.20 million to $67.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $87.10 million per share, with estimates ranging from $83.30 million to $94.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover American Superconductor.

American Superconductor (NASDAQ:AMSC) last released its earnings results on Tuesday, November 7th. The technology company reported ($0.44) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.25. The company had revenue of $11.05 million for the quarter, compared to analyst estimates of $10.93 million. American Superconductor had a negative net margin of 50.90% and a negative return on equity of 58.10%. The firm’s quarterly revenue was down 40.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.60) EPS.

Several research analysts recently issued reports on the stock. FBR & Co reiterated a “hold” rating and issued a $6.00 price target on shares of American Superconductor in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of American Superconductor from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. American Superconductor currently has an average rating of “Buy” and a consensus target price of $6.82.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in American Superconductor by 84.5% in the third quarter. Dimensional Fund Advisors LP now owns 69,175 shares of the technology company’s stock worth $314,000 after acquiring an additional 31,679 shares during the period. GMT Capital Corp purchased a new stake in shares of American Superconductor during the third quarter valued at about $141,000. Wedbush Securities Inc. acquired a new position in shares of American Superconductor during the third quarter valued at about $210,000. Ardsley Advisory Partners increased its holdings in shares of American Superconductor by 413.3% during the second quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock valued at $6,436,000 after acquiring an additional 1,119,200 shares in the last quarter. Finally, AWM Investment Company Inc. increased its holdings in shares of American Superconductor by 22.7% during the second quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock valued at $7,018,000 after acquiring an additional 280,879 shares in the last quarter. Hedge funds and other institutional investors own 28.51% of the company’s stock.

Shares of American Superconductor (AMSC) opened at $4.50 on Friday. American Superconductor has a 12-month low of $2.89 and a 12-month high of $7.82. The company has a market cap of $92.11, a PE ratio of -2.26 and a beta of 0.90.

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About American Superconductor

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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Earnings History and Estimates for American Superconductor (NASDAQ:AMSC)

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