Zacks: Analysts Expect CyberOptics Co. (CYBE) to Announce -$0.10 EPS
Analysts expect CyberOptics Co. (NASDAQ:CYBE) to announce earnings per share (EPS) of ($0.10) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for CyberOptics’ earnings, with estimates ranging from ($0.15) to ($0.05). CyberOptics posted earnings per share of $0.11 during the same quarter last year, which would indicate a negative year over year growth rate of 190.9%. The firm is expected to report its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that CyberOptics will report full year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from ($0.01) to $0.08. For the next fiscal year, analysts forecast that the firm will report earnings of $0.23 per share, with EPS estimates ranging from $0.15 to $0.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover CyberOptics.
CyberOptics (NASDAQ:CYBE) last announced its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. CyberOptics had a net margin of 12.86% and a return on equity of 3.21%. The business had revenue of $11.83 million during the quarter.
Shares of CyberOptics (NASDAQ CYBE) traded down $0.10 during trading hours on Friday, hitting $15.85. 62,300 shares of the stock were exchanged, compared to its average volume of 96,248. CyberOptics has a 1-year low of $11.35 and a 1-year high of $41.18. The stock has a market capitalization of $110.49, a PE ratio of 16.51, a price-to-earnings-growth ratio of 3.00 and a beta of -0.31.
CyberOptics declared that its board has initiated a stock repurchase program on Monday, October 2nd that permits the company to buyback $3.00 million in shares. This buyback authorization permits the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of CYBE. Heartland Advisors Inc. raised its holdings in CyberOptics by 150.0% during the third quarter. Heartland Advisors Inc. now owns 250,000 shares of the scientific and technical instruments company’s stock worth $4,063,000 after purchasing an additional 150,000 shares in the last quarter. State Street Corp purchased a new position in CyberOptics during the second quarter worth about $1,645,000. Punch & Associates Investment Management Inc. purchased a new position in CyberOptics during the second quarter worth about $1,536,000. Northern Trust Corp raised its holdings in CyberOptics by 269.0% during the second quarter. Northern Trust Corp now owns 86,560 shares of the scientific and technical instruments company’s stock worth $1,788,000 after purchasing an additional 63,101 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in CyberOptics by 59.7% during the third quarter. Victory Capital Management Inc. now owns 161,420 shares of the scientific and technical instruments company’s stock worth $2,623,000 after purchasing an additional 60,350 shares in the last quarter. 62.12% of the stock is owned by hedge funds and other institutional investors.
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CyberOptics Company Profile
Cyberoptics Corporation is a developer and manufacturer of sensing technology solutions. The Company’s products and services are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. Its products are sold into the electronics assembly, dynamic random access memory (DRAM) and flash memory, and semiconductor fabrication capital equipment markets.
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