RadiSys Co. (RSYS) Expected to Announce Earnings of -$0.11 Per Share

Equities research analysts expect RadiSys Co. (NASDAQ:RSYS) to report earnings of ($0.11) per share for the current quarter, according to Zacks. Three analysts have made estimates for RadiSys’ earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.10). RadiSys reported earnings per share of ($0.14) in the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 1st.

On average, analysts expect that RadiSys will report full-year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.22) to ($0.20). For the next financial year, analysts expect that the firm will post earnings of $0.04 per share, with EPS estimates ranging from $0.01 to $0.06. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover RadiSys.

RadiSys (NASDAQ:RSYS) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. RadiSys had a negative return on equity of 56.68% and a negative net margin of 39.33%. The business had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.09 million. During the same quarter in the prior year, the company posted $0.04 EPS. The company’s quarterly revenue was down 20.4% on a year-over-year basis.

Several brokerages have recently commented on RSYS. Zacks Investment Research lowered RadiSys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Roth Capital reaffirmed a “buy” rating on shares of RadiSys in a research note on Monday, December 4th. DA Davidson reaffirmed a “buy” rating on shares of RadiSys in a research note on Thursday, February 8th. Finally, ValuEngine raised RadiSys from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $3.60.

A number of institutional investors and hedge funds have recently bought and sold shares of RSYS. Rhumbline Advisers lifted its stake in RadiSys by 26.3% during the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after acquiring an additional 8,575 shares in the last quarter. B. Riley Financial Inc. lifted its stake in RadiSys by 300.0% during the 4th quarter. B. Riley Financial Inc. now owns 200,000 shares of the technology company’s stock worth $201,000 after acquiring an additional 150,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in RadiSys by 19.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after acquiring an additional 25,495 shares in the last quarter. State Street Corp lifted its stake in RadiSys by 10.1% during the 2nd quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after acquiring an additional 47,538 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in RadiSys by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after acquiring an additional 49,835 shares in the last quarter. 50.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RadiSys (NASDAQ:RSYS) traded up $0.02 during trading on Tuesday, hitting $0.85. The stock had a trading volume of 309,800 shares, compared to its average volume of 1,087,758. RadiSys has a twelve month low of $0.63 and a twelve month high of $4.39. The firm has a market cap of $32.69, a price-to-earnings ratio of -0.63 and a beta of 0.79.

COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2018/02/13/radisys-co-rsys-expected-to-announce-earnings-of-0-11-per-share.html.

RadiSys Company Profile

Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.

Get a free copy of the Zacks research report on RadiSys (RSYS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RadiSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RadiSys and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply