Brokerages expect that Safeguard Scientifics, Inc (NYSE:SFE) will report earnings per share of ($0.57) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Safeguard Scientifics’ earnings. Safeguard Scientifics reported earnings per share of ($1.08) during the same quarter last year, which suggests a positive year-over-year growth rate of 47.2%. The company is expected to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Safeguard Scientifics will report full-year earnings of ($3.51) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of ($3.51) per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Safeguard Scientifics.
Safeguard Scientifics (NYSE:SFE) last released its earnings results on Thursday, March 1st. The asset manager reported ($0.91) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.05) by $0.14. During the same quarter last year, the firm posted ($1.07) earnings per share.
SFE has been the subject of several recent analyst reports. ValuEngine cut shares of Safeguard Scientifics from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Keefe, Bruyette & Woods restated a “mkt perform” rating and issued a $13.25 target price on shares of Safeguard Scientifics in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Barrington Research restated a “buy” rating and issued a $20.00 target price on shares of Safeguard Scientifics in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Safeguard Scientifics presently has an average rating of “Hold” and an average price target of $15.83.
Safeguard Scientifics (SFE) traded down $0.05 during mid-day trading on Friday, hitting $12.90. 100,374 shares of the stock traded hands, compared to its average volume of 124,995. Safeguard Scientifics has a one year low of $10.65 and a one year high of $14.40. The firm has a market cap of $263.32, a PE ratio of -2.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.
Several institutional investors and hedge funds have recently made changes to their positions in SFE. Ariel Investments LLC increased its holdings in shares of Safeguard Scientifics by 18.7% in the 4th quarter. Ariel Investments LLC now owns 1,501,367 shares of the asset manager’s stock valued at $16,815,000 after purchasing an additional 236,758 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Safeguard Scientifics by 27.1% in the 4th quarter. Deutsche Bank AG now owns 534,475 shares of the asset manager’s stock valued at $5,984,000 after purchasing an additional 114,125 shares in the last quarter. Granahan Investment Management Inc. MA increased its holdings in shares of Safeguard Scientifics by 20.8% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 646,492 shares of the asset manager’s stock valued at $8,631,000 after purchasing an additional 111,370 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Safeguard Scientifics by 42.5% in the 4th quarter. Renaissance Technologies LLC now owns 309,417 shares of the asset manager’s stock valued at $3,465,000 after purchasing an additional 92,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Safeguard Scientifics by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,008 shares of the asset manager’s stock valued at $13,649,000 after purchasing an additional 71,379 shares in the last quarter. Institutional investors and hedge funds own 76.54% of the company’s stock.
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Safeguard Scientifics Company Profile
Safeguard Scientifics, Inc is engaged in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies.
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