Zacks: Analysts Set $2.75 Target Price for Research Frontiers, Inc. (REFR)
Research Frontiers, Inc. (NASDAQ:REFR) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a one year consensus price objective of $2.75 for the company and are predicting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Research Frontiers an industry rank of 217 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Research Frontiers from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th.
Research Frontiers (NASDAQ:REFR) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Research Frontiers had a negative return on equity of 81.01% and a negative net margin of 207.76%. The company had revenue of $0.49 million for the quarter, compared to analysts’ expectations of $0.45 million. equities analysts expect that Research Frontiers will post -0.11 earnings per share for the current year.
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About Research Frontiers
Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
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