$235.90 Million in Sales Expected for Electronics For Imaging, Inc. (EFII) This Quarter

Wall Street analysts predict that Electronics For Imaging, Inc. (NASDAQ:EFII) will post sales of $235.90 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Electronics For Imaging’s earnings, with the lowest sales estimate coming in at $234.50 million and the highest estimate coming in at $237.10 million. Electronics For Imaging posted sales of $228.69 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The firm is scheduled to issue its next earnings results on Thursday, April 19th.

On average, analysts expect that Electronics For Imaging will report full year sales of $235.90 million for the current year, with estimates ranging from $1.03 billion to $1.07 billion. For the next year, analysts forecast that the company will report sales of $1.10 billion per share, with estimates ranging from $1.07 billion to $1.15 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The business had revenue of $269.20 million during the quarter, compared to analyst estimates of $264.62 million. Electronics For Imaging had a negative net margin of 1.54% and a positive return on equity of 1.46%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share.

A number of research firms recently commented on EFII. William Blair downgraded shares of Electronics For Imaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. BidaskClub lowered shares of Electronics For Imaging from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Electronics For Imaging in a research note on Sunday, October 29th. Barclays decreased their target price on shares of Electronics For Imaging from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Finally, TheStreet downgraded shares of Electronics For Imaging from a “c” rating to a “d+” rating in a research report on Thursday, February 1st. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.78.

In related news, CEO Guy Gecht sold 9,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $29.93, for a total transaction of $269,370.00. Following the completion of the sale, the chief executive officer now owns 342,450 shares in the company, valued at approximately $10,249,528.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 36,000 shares of company stock valued at $1,075,860 in the last quarter. 1.88% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Electronics For Imaging by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,202,705 shares of the technology company’s stock worth $199,125,000 after acquiring an additional 34,640 shares during the last quarter. California Public Employees Retirement System grew its holdings in Electronics For Imaging by 7.8% during the 3rd quarter. California Public Employees Retirement System now owns 102,228 shares of the technology company’s stock worth $4,363,000 after acquiring an additional 7,428 shares during the last quarter. Senvest Management LLC bought a new stake in Electronics For Imaging during the 3rd quarter worth about $1,280,000. Royal Bank of Canada grew its holdings in Electronics For Imaging by 202.8% during the 2nd quarter. Royal Bank of Canada now owns 7,209 shares of the technology company’s stock worth $342,000 after acquiring an additional 4,828 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Electronics For Imaging by 101.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 195,857 shares of the technology company’s stock worth $9,280,000 after acquiring an additional 98,597 shares during the last quarter.

Electronics For Imaging (NASDAQ EFII) opened at $26.09 on Friday. The stock has a market cap of $1,236.85, a PE ratio of -79.06, a price-to-earnings-growth ratio of 24.39 and a beta of 1.07. Electronics For Imaging has a one year low of $25.54 and a one year high of $51.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.14 and a current ratio of 2.58.

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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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