Analysts Anticipate Kornit Digital Ltd (KRNT) Will Post Quarterly Sales of $30.51 Million
Brokerages forecast that Kornit Digital Ltd (NASDAQ:KRNT) will post sales of $30.51 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kornit Digital’s earnings, with the lowest sales estimate coming in at $30.42 million and the highest estimate coming in at $30.62 million. Kornit Digital posted sales of $31.99 million in the same quarter last year, which suggests a negative year over year growth rate of 4.6%. The business is expected to report its next quarterly earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that Kornit Digital will report full year sales of $30.51 million for the current financial year, with estimates ranging from $117.06 million to $117.25 million. For the next year, analysts expect that the business will post sales of $152.02 million per share, with estimates ranging from $145.00 million to $156.84 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Kornit Digital.
Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.02 earnings per share for the quarter. Kornit Digital had a positive return on equity of 4.62% and a negative net margin of 0.71%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Granahan Investment Management Inc. MA lifted its holdings in 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 worth $30,134,000 after purchasing an additional 746,240 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Kornit Digital by 13.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,435,057 shares of the industrial products company’s stock valued at $21,956,000 after acquiring an additional 166,045 shares in the last quarter. Senvest Management LLC raised its holdings in shares of Kornit Digital by 9.7% in the 3rd quarter. Senvest Management LLC now owns 1,310,177 shares of the industrial products company’s stock valued at $20,046,000 after acquiring an additional 115,400 shares in the last quarter. American Capital Management Inc. purchased a new stake in shares of Kornit Digital in the 3rd quarter valued at about $16,717,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Kornit Digital by 57.1% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 948,856 shares of the industrial products company’s stock valued at $14,517,000 after acquiring an additional 344,736 shares in the last quarter. 78.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kornit Digital (NASDAQ KRNT) traded up $0.15 on Wednesday, reaching $15.85. The company had a trading volume of 245,800 shares, compared to its average volume of 418,510. The stock has a market cap of $529.64, a PE ratio of -1,585.00, a price-to-earnings-growth ratio of 1.11 and a beta of 0.17. Kornit Digital has a twelve month low of $12.85 and a twelve month 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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