Electronics For Imaging, Inc. (EFII) Expected to Post Quarterly Sales of $264.91 Million

Brokerages expect Electronics For Imaging, Inc. (NASDAQ:EFII) to post $264.91 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Electronics For Imaging’s earnings. The highest sales estimate is $265.10 million and the lowest is $264.63 million. Electronics For Imaging reported sales of $266.71 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, January 31st.

According to Zacks, analysts expect that Electronics For Imaging will report full-year sales of $264.91 million for the current financial year, with estimates ranging from $987.00 million to $992.00 million. For the next fiscal year, analysts expect that the business will post sales of $1.04 billion per share, with estimates ranging from $1.00 billion to $1.07 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last issued its earnings results on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). Electronics For Imaging had a return on equity of 3.67% and a net margin of 3.09%. The company had revenue of $248.36 million during the quarter, compared to analyst estimates of $258.09 million. During the same period last year, the business earned $0.58 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year.

A number of analysts have issued reports on the company. Barclays downgraded Electronics For Imaging from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $33.00 to $31.00 in a research note on Wednesday, January 10th. William Blair downgraded Electronics For Imaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 27th. Zacks Investment Research raised Electronics For Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Stifel Nicolaus cut their target price on Electronics For Imaging from $49.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Electronics For Imaging in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.00.

Shares of Electronics For Imaging (NASDAQ:EFII) opened at $31.10 on Tuesday. Electronics For Imaging has a 52 week low of $25.54 and a 52 week high of $51.15. The stock has a market capitalization of $1,430.00, a price-to-earnings ratio of 47.12 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.63 and a debt-to-equity ratio of 0.38.

In other Electronics For Imaging news, Director Dan Maydan sold 6,500 shares of Electronics For Imaging stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $30.87, for a total value of $200,655.00. Following the completion of the transaction, the director now directly owns 33,310 shares of the company’s stock, valued at approximately $1,028,279.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Guy Gecht sold 9,000 shares of Electronics For Imaging stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $29.93, for a total value of $269,370.00. Following the completion of the transaction, the chief executive officer now directly owns 342,450 shares of the company’s stock, valued at $10,249,528.50. The disclosure for this sale can be found here. Insiders have sold a total of 42,500 shares of company stock valued at $1,269,225 over the last three months. Corporate insiders own 1.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank grew its position in Electronics For Imaging by 3.2% in the 2nd quarter. Amalgamated Bank now owns 6,413 shares of the technology company’s stock valued at $304,000 after acquiring an additional 198 shares in the last quarter. Stifel Financial Corp grew its position in Electronics For Imaging by 3.1% in the 2nd quarter. Stifel Financial Corp now owns 8,294 shares of the technology company’s stock valued at $392,000 after acquiring an additional 251 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Electronics For Imaging by 13.2% in the 2nd quarter. Citigroup Inc. now owns 5,817 shares of the technology company’s stock valued at $276,000 after buying an additional 678 shares during the period. 1st Global Advisors Inc. boosted its stake in shares of Electronics For Imaging by 11.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 7,715 shares of the technology company’s stock valued at $366,000 after buying an additional 773 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Electronics For Imaging by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 103,725 shares of the technology company’s stock valued at $4,427,000 after buying an additional 1,790 shares during the period.

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About Electronics For Imaging

Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.

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