Wall Street analysts expect Capstone Turbine Co. (NASDAQ:CPST) to report sales of $20.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Capstone Turbine’s earnings, with the highest sales estimate coming in at $21.50 million and the lowest estimate coming in at $20.00 million. Capstone Turbine posted sales of $22.76 million in the same quarter last year, which would indicate a negative year over year growth rate of 8.8%. The firm is expected to announce its next quarterly earnings report on Monday, February 4th.
According to Zacks, analysts expect that Capstone Turbine will report full-year sales of $88.75 million for the current fiscal year, with estimates ranging from $87.60 million to $89.90 million. For the next year, analysts expect that the business will post sales of $112.13 million, with estimates ranging from $106.40 million to $115.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Capstone Turbine.
Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Capstone Turbine had a negative net margin of 13.21% and a negative return on equity of 46.68%. The firm had revenue of $22.17 million during the quarter, compared to analysts’ expectations of $21.80 million.
Several brokerages recently issued reports on CPST. Zacks Investment Research cut shares of Capstone Turbine from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. HC Wainwright set a $2.00 price target on shares of Capstone Turbine and gave the company a “buy” rating in a research report on Monday, July 30th. Finally, Maxim Group began coverage on shares of Capstone Turbine in a research report on Wednesday, August 1st. They set a “buy” rating and a $2.50 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Capstone Turbine presently has a consensus rating of “Buy” and a consensus price target of $2.25.
Shares of NASDAQ CPST opened at $0.83 on Friday. Capstone Turbine has a 1 year low of $0.69 and a 1 year high of $1.90. The stock has a market cap of $54.27 million, a P/E ratio of -4.15 and a beta of -0.11.
Several hedge funds and other institutional investors have recently made changes to their positions in CPST. Manatuck Hill Partners LLC increased its position in shares of Capstone Turbine by 47.6% during the second quarter. Manatuck Hill Partners LLC now owns 2,040,300 shares of the industrial products company’s stock valued at $2,918,000 after buying an additional 658,100 shares during the period. EAM Investors LLC purchased a new position in shares of Capstone Turbine during the second quarter valued at about $671,000. Renaissance Technologies LLC increased its position in shares of Capstone Turbine by 46.6% during the second quarter. Renaissance Technologies LLC now owns 1,119,109 shares of the industrial products company’s stock valued at $1,600,000 after buying an additional 355,600 shares during the period. Perkins Capital Management Inc. increased its position in shares of Capstone Turbine by 26.5% during the third quarter. Perkins Capital Management Inc. now owns 1,457,143 shares of the industrial products company’s stock valued at $1,457,000 after buying an additional 305,000 shares during the period. Finally, BlackRock Inc. increased its position in shares of Capstone Turbine by 43.1% during the second quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock valued at $706,000 after buying an additional 148,753 shares during the period. Institutional investors own 16.31% of the company’s stock.
About Capstone Turbine
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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