Wall Street brokerages expect Electronics For Imaging, Inc. (NASDAQ:EFII) to post $238.03 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Electronics For Imaging’s earnings, with estimates ranging from $235.86 million to $240.20 million. Electronics For Imaging reported sales of $261.07 million in the same quarter last year, which indicates a negative year-over-year growth rate of 8.8%. The company is scheduled to announce its next earnings report on Monday, July 29th.
According to Zacks, analysts expect that Electronics For Imaging will report full-year sales of $990.59 million for the current year, with estimates ranging from $976.78 million to $1.02 billion. For the next financial year, analysts forecast that the business will post sales of $1.03 billion, with estimates ranging from $1.00 billion to $1.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Electronics For Imaging.
Electronics For Imaging (NASDAQ:EFII) last released its earnings results on Tuesday, May 7th. The technology company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Electronics For Imaging had a negative return on equity of 2.16% and a negative net margin of 1.61%. The business had revenue of $223.72 million for the quarter, compared to the consensus estimate of $218.89 million.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Electronics For Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Citigroup increased their price target on Electronics For Imaging from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BidaskClub upgraded Electronics For Imaging from a “hold” rating to a “buy” rating in a research note on Friday, May 24th. TheStreet upgraded Electronics For Imaging from a “d+” rating to a “c-” rating in a research note on Monday, April 15th. Finally, ValuEngine upgraded Electronics For Imaging from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Electronics For Imaging currently has an average rating of “Hold” and a consensus target price of $31.69.
NASDAQ EFII opened at $36.86 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.30 and a quick ratio of 1.07. Electronics For Imaging has a fifty-two week low of $19.76 and a fifty-two week high of $38.33. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -1,843.00 and a beta of 1.17.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Electronics For Imaging by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,109,698 shares of the technology company’s stock valued at $83,650,000 after acquiring an additional 96,041 shares during the last quarter. Victory Capital Management Inc. raised its position in Electronics For Imaging by 3.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,687,644 shares of the technology company’s stock worth $41,854,000 after purchasing an additional 52,200 shares during the last quarter. Northern Trust Corp raised its position in Electronics For Imaging by 0.6% during the 1st quarter. Northern Trust Corp now owns 943,471 shares of the technology company’s stock worth $25,379,000 after purchasing an additional 5,247 shares during the last quarter. Greenvale Capital LLP raised its position in Electronics For Imaging by 9.3% during the 1st quarter. Greenvale Capital LLP now owns 863,126 shares of the technology company’s stock worth $23,218,000 after purchasing an additional 73,126 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Electronics For Imaging by 9.2% during the 1st quarter. Geode Capital Management LLC now owns 574,381 shares of the technology company’s stock worth $15,450,000 after purchasing an additional 48,495 shares during the last quarter.
Electronics For Imaging Company Profile
Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.
Read More: What is the NASDAQ Stock Market?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Electronics For Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronics For Imaging and related companies with MarketBeat.com's FREE daily email newsletter.