American Superconductor (AMSC) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

American Superconductor (NASDAQ:AMSC) announced its quarterly earnings data on Monday. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.17, RTT News reports. The business had revenue of $14.90 million during the quarter, compared to analysts’ expectations of $17.19 million. American Superconductor had a negative return on equity of 58.10% and a negative net margin of 50.90%. The business’s quarterly revenue was down 45.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) EPS.

Shares of American Superconductor (NASDAQ AMSC) traded down $0.09 on Monday, hitting $5.08. The stock had a trading volume of 147,403 shares, compared to its average volume of 405,946. The stock has a market cap of $98.09, a PE ratio of -2.55 and a beta of 1.31. American Superconductor has a fifty-two week low of $2.89 and a fifty-two week high of $7.82.

AMSC has been the subject of several recent research reports. Zacks Investment Research upgraded American Superconductor from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Tuesday, October 10th. B. Riley reiterated a “hold” rating and issued a $6.00 price objective on shares of American Superconductor in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.72.

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About American Superconductor

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

Earnings History for American Superconductor (NASDAQ:AMSC)

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