Oppenheimer Comments on Capstone Turbine Co.’s FY2018 Earnings (CPST)

Capstone Turbine Co. (NASDAQ:CPST) – Stock analysts at Oppenheimer lifted their FY2018 earnings per share estimates for shares of Capstone Turbine in a research note issued on Monday. Oppenheimer analyst C. Rusch now forecasts that the industrial products company will earn ($0.22) per share for the year, up from their prior estimate of ($0.27). Oppenheimer has a “Buy” rating and a $2.00 price target on the stock. Oppenheimer also issued estimates for Capstone Turbine’s FY2019 earnings at $0.00 EPS.

Other equities research analysts have also issued research reports about the stock. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Tuesday. Roth Capital set a $2.00 price objective on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Capstone Turbine has an average rating of “Buy” and an average target price of $1.69.

Capstone Turbine (CPST) traded down $0.06 during trading on Thursday, hitting $0.87. 1,090,685 shares of the stock traded hands, compared to its average volume of 921,162. Capstone Turbine has a 52 week low of $0.58 and a 52 week high of $1.35. The firm has a market capitalization of $38.99, a price-to-earnings ratio of -2.61 and a beta of 0.84.

Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.05. Capstone Turbine had a negative net margin of 15.01% and a negative return on equity of 66.93%. The company had revenue of $22.80 million during the quarter, compared to analyst estimates of $22.70 million. During the same quarter in the prior year, the business earned ($0.28) earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year.

A hedge fund recently bought a new stake in Capstone Turbine stock. GMT Capital Corp purchased a new stake in shares of Capstone Turbine Co. (NASDAQ:CPST) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 274,742 shares of the industrial products company’s stock, valued at approximately $191,000. GMT Capital Corp owned approximately 0.59% of Capstone Turbine at the end of the most recent quarter. 12.09% of the stock is owned by hedge funds and other institutional investors.

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About Capstone Turbine

Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.

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