Equities analysts expect Kornit Digital Ltd (NASDAQ:KRNT) to report earnings of $0.06 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Kornit Digital’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.06. Kornit Digital posted earnings per share of $0.16 during the same quarter last year, which would suggest a negative year over year growth rate of 62.5%. The company is expected to issue its next earnings results on Tuesday, February 13th.

On average, analysts expect that Kornit Digital will report full-year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.20 to $0.21. For the next year, analysts expect 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 calculations are an average based on a survey of research analysts that follow Kornit Digital.

Kornit Digital (NASDAQ:KRNT) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.02 earnings per share for the quarter. Kornit Digital had a negative net margin of 0.71% and a positive return on equity of 4.62%.

Several research analysts recently weighed in on the stock. TheStreet raised shares of Kornit Digital from a “c” rating to a “b-” rating in a research note on Thursday. Stifel Nicolaus cut 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. Craig Hallum cut their target price on shares of Kornit Digital from $20.00 to $26.00 in a research note on Thursday, September 28th. Barclays set a $19.00 target price on shares of Kornit Digital and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price objective (down previously from $24.00) on shares of Kornit Digital in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Kornit Digital (KRNT) opened at $15.70 on Monday. Kornit Digital has a one year low of $12.85 and a one year high of $23.15. The firm has a market cap of $529.64, a PE ratio of -1,570.00, a P/E/G ratio of 1.11 and a beta of 0.17.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Granahan Investment Management Inc. MA increased its stake in shares of Kornit Digital by 61.0% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 1,969,554 shares of the industrial products company’s stock valued at $30,134,000 after acquiring an additional 746,240 shares during the last quarter. Stephens Investment Management Group LLC increased its position in Kornit Digital by 13.1% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,435,057 shares of the industrial products company’s stock worth $21,956,000 after purchasing an additional 166,045 shares in the last quarter. Senvest Management LLC increased its position in Kornit Digital by 9.7% during the 3rd quarter. Senvest Management LLC now owns 1,310,177 shares of the industrial products company’s stock worth $20,046,000 after purchasing an additional 115,400 shares in the last quarter. American Capital Management Inc. acquired a new stake in Kornit Digital during the 3rd quarter worth approximately $16,717,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in Kornit Digital by 57.1% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 948,856 shares of the industrial products company’s stock worth $14,517,000 after purchasing an additional 344,736 shares in the last quarter. 78.84% of the stock is owned by institutional investors.

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About Kornit Digital

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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