Microvision, Inc. (MVIS) Expected to Announce Quarterly Sales of $2.85 Million

Analysts expect Microvision, Inc. (NASDAQ:MVIS) to report sales of $2.85 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Microvision’s earnings, with estimates ranging from $2.80 million to $2.90 million. Microvision reported sales of $2.56 million in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The company is expected to report its next earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Microvision will report full-year sales of $18.62 million for the current year, with estimates ranging from $18.57 million to $18.67 million. For the next financial year, analysts expect that the firm will report sales of $45.95 million, with estimates ranging from $42.00 million to $49.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Microvision.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Microvision from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Microvision in a report on Tuesday, August 7th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new position in Microvision during the 2nd quarter worth $1,858,000. EastBay Asset Management LLC acquired a new position in Microvision during the 2nd quarter worth $1,724,000. Uniplan Investment Counsel Inc. lifted its holdings in Microvision by 84.0% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 2,188,958 shares of the electronics maker’s stock worth $2,648,000 after buying an additional 999,414 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in Microvision by 22.9% during the 2nd quarter. State Treasurer State of Michigan now owns 3,864,199 shares of the electronics maker’s stock worth $4,328,000 after buying an additional 720,000 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Microvision during the 2nd quarter worth $429,000. 26.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of MVIS opened at $0.79 on Monday. The company has a market capitalization of $73.64 million, a PE ratio of -2.40 and a beta of 0.04. Microvision has a one year low of $0.70 and a one year high of $1.85.

About Microvision

MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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