Capstone Turbine Co. Forecasted to Post Q3 2020 Earnings of ($0.01) Per Share (NASDAQ:CPST)

Capstone Turbine Co. (NASDAQ:CPST) – Oppenheimer issued their Q3 2020 EPS estimates for Capstone Turbine in a report issued on Tuesday, June 11th. Oppenheimer analyst C. Rusch anticipates that the industrial products company will post earnings per share of ($0.01) for the quarter. Oppenheimer also issued estimates for Capstone Turbine’s FY2021 earnings at $0.06 EPS.

Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Tuesday, June 11th. The industrial products company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Capstone Turbine had a negative return on equity of 66.03% and a negative net margin of 19.97%. The company had revenue of $22.02 million during the quarter, compared to the consensus estimate of $20.97 million.

Separately, Maxim Group restated a “buy” rating and issued a $2.00 target price on shares of Capstone Turbine in a research note on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $2.00.

Shares of NASDAQ CPST opened at $0.77 on Thursday. Capstone Turbine has a 52 week low of $0.55 and a 52 week high of $1.82. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $55.12 million, a price-to-earnings ratio of -3.09 and a beta of 0.73.

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc raised its holdings in shares of Capstone Turbine by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 2,076,704 shares of the industrial products company’s stock valued at $2,077,000 after buying an additional 27,420 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Capstone Turbine by 5.6% during the 1st quarter. Wedbush Securities Inc. now owns 485,365 shares of the industrial products company’s stock valued at $437,000 after buying an additional 25,529 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Capstone Turbine by 77.5% during the 1st quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock valued at $107,000 after buying an additional 52,107 shares in the last quarter. Perkins Capital Management Inc. raised its holdings in shares of Capstone Turbine by 4.9% during the 1st quarter. Perkins Capital Management Inc. now owns 1,374,900 shares of the industrial products company’s stock valued at $1,237,000 after buying an additional 63,757 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Capstone Turbine by 6.5% during the 4th quarter. BlackRock Inc. now owns 520,703 shares of the industrial products company’s stock valued at $312,000 after buying an additional 31,682 shares in the last quarter. 11.34% of the stock is currently owned by hedge funds and other institutional investors.

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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