Analysts expect Electronics For Imaging, Inc. (NASDAQ:EFII) to announce earnings of $0.49 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Electronics For Imaging’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.50. Electronics For Imaging posted earnings of $0.48 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The business is scheduled to report its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Electronics For Imaging will report full year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.02. For the next financial year, analysts forecast that the firm will report earnings of $2.10 per share, with EPS estimates ranging from $1.98 to $2.19. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Electronics For Imaging.
Electronics For Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Monday, July 30th. The technology company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The company had revenue of $261.07 million during the quarter, compared to analyst estimates of $263.72 million. Electronics For Imaging had a negative net margin of 2.29% and a positive return on equity of 0.50%. Electronics For Imaging’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share.
A number of research firms have recently commented on EFII. BidaskClub cut Electronics For Imaging from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Zacks Investment Research cut Electronics For Imaging from a “buy” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine raised Electronics For Imaging from a “hold” rating to a “buy” rating in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.00.
In other news, insider Guy Gecht sold 9,000 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $34.78, for a total transaction of $313,020.00. Following the completion of the transaction, the insider now owns 282,367 shares of the company’s stock, valued at approximately $9,820,724.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.63% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. United Services Automobile Association acquired a new position in shares of Electronics For Imaging during the 2nd quarter worth $231,000. Northern Trust Corp increased its holdings in Electronics For Imaging by 1.8% in the 2nd quarter. Northern Trust Corp now owns 953,827 shares of the technology company’s stock worth $31,056,000 after purchasing an additional 16,982 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Electronics For Imaging by 3.9% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,207,215 shares of the technology company’s stock worth $39,307,000 after purchasing an additional 45,821 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new position in Electronics For Imaging in the 2nd quarter worth about $6,141,000. Finally, Needham Investment Management LLC increased its holdings in Electronics For Imaging by 4.9% in the 2nd quarter. Needham Investment Management LLC now owns 223,000 shares of the technology company’s stock worth $7,261,000 after purchasing an additional 10,500 shares in the last quarter.
Shares of Electronics For Imaging stock traded down $0.12 during trading on Friday, reaching $30.55. 364,136 shares of the company’s stock were exchanged, compared to its average volume of 507,010. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.15 and a current ratio of 2.55. Electronics For Imaging has a 1-year low of $25.28 and a 1-year high of $43.42. The stock has a market capitalization of $1.51 billion, a P/E ratio of 113.15, a price-to-earnings-growth ratio of 25.24 and a beta of 1.06.
About Electronics For Imaging
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.
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