Q3 2024 Earnings Estimate for Profire Energy, Inc. Issued By Roth Capital (NASDAQ:PFIE)

Profire Energy, Inc. (NASDAQ:PFIE) – Investment analysts at Roth Capital raised their Q3 2024 earnings per share estimates for shares of Profire Energy in a research note issued on Monday, April 8th. Roth Capital analyst J. White now anticipates that the oil and gas company will post earnings of $0.05 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for Profire Energy’s current full-year earnings is $0.16 per share. Roth Capital also issued estimates for Profire Energy’s Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.20 EPS.

Profire Energy Stock Up 1.6 %

NASDAQ PFIE opened at $1.87 on Wednesday. The stock has a market cap of $99.75 million, a PE ratio of 8.50 and a beta of 0.52. Profire Energy has a fifty-two week low of $1.09 and a fifty-two week high of $3.29. The business has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $1.78. The company has a quick ratio of 3.34, a current ratio of 4.89 and a debt-to-equity ratio of 0.01.

Profire Energy (NASDAQ:PFIE) last released its quarterly earnings results on Wednesday, March 13th. The oil and gas company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $14.38 million during the quarter, compared to analysts’ expectations of $14.99 million. Profire Energy had a return on equity of 20.13% and a net margin of 18.51%.

Hedge Funds Weigh In On Profire Energy

A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of Profire Energy by 17.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,631,115 shares of the oil and gas company’s stock valued at $3,263,000 after acquiring an additional 392,770 shares in the last quarter. AWM Investment Company Inc. increased its holdings in shares of Profire Energy by 15.9% during the third quarter. AWM Investment Company Inc. now owns 2,596,156 shares of the oil and gas company’s stock valued at $7,217,000 after purchasing an additional 355,998 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Profire Energy by 12.4% during the second quarter. Renaissance Technologies LLC now owns 1,649,395 shares of the oil and gas company’s stock valued at $2,375,000 after purchasing an additional 181,900 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Profire Energy by 0.4% during the second quarter. Wells Fargo & Company MN now owns 1,624,061 shares of the oil and gas company’s stock valued at $1,998,000 after purchasing an additional 6,205 shares during the period. Finally, Everett Harris & Co. CA increased its holdings in shares of Profire Energy by 0.4% during the third quarter. Everett Harris & Co. CA now owns 1,421,238 shares of the oil and gas company’s stock valued at $3,951,000 after purchasing an additional 5,915 shares during the period. 38.51% of the stock is owned by institutional investors and hedge funds.

Profire Energy Company Profile

Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.