Scotiabank Analysts Decrease Earnings Estimates for eMagin

eMagin Corporation (NYSE:EMA) – Equities researchers at Scotiabank dropped their FY2027 EPS estimates for shares of eMagin in a note issued to investors on Thursday, July 23rd. Scotiabank analyst A. Weisel now forecasts that the company will post earnings of $2.52 per share for the year, down from their previous estimate of $2.59.

EMA has been the topic of several other research reports. Wall Street Zen upgraded shares of eMagin from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Barclays reduced their price target on shares of eMagin from $53.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.00.

eMagin Stock Up 0.3%

NYSE EMA opened at $54.97 on Friday. eMagin has a fifty-two week low of $45.77 and a fifty-two week high of $55.49. The firm’s fifty day moving average price is $52.87 and its two-hundred day moving average price is $51.82.

eMagin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.7325 dividend. This represents a $2.93 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Monday, August 3rd.

Institutional Investors Weigh In On eMagin

Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of eMagin by 130.9% during the first quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock worth $26,000 after purchasing an additional 288 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of eMagin by 1,375.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $35,000 after purchasing an additional 660 shares in the last quarter. DGS Capital Management LLC acquired a new position in shares of eMagin during the 1st quarter worth approximately $349,000. Venturi Wealth Management LLC acquired a new position in shares of eMagin during the 4th quarter worth about $356,000. Finally, Versant Capital Management Inc lifted its stake in shares of eMagin by 15.0% in the second quarter. Versant Capital Management Inc now owns 7,396 shares of the company’s stock worth $392,000 after buying an additional 963 shares in the last quarter.

eMagin Company Profile

eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.