Capstone Turbine Co. (NASDAQ:CPST) – Oppenheimer lowered their Q3 2019 earnings per share (EPS) estimates for shares of Capstone Turbine in a research note issued on Wednesday, November 7th. Oppenheimer analyst C. Rusch now expects that the industrial products company will post earnings per share of ($0.07) for the quarter, down from their previous forecast of ($0.04). Oppenheimer also issued estimates for Capstone Turbine’s Q4 2019 earnings at ($0.04) EPS and FY2019 earnings at ($0.26) EPS.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings data on Tuesday, November 6th. The industrial products company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Capstone Turbine had a negative net margin of 13.21% and a negative return on equity of 46.55%. The firm had revenue of $22.17 million for the quarter, compared to analyst estimates of $21.80 million.
A number of other research firms have also recently weighed in on CPST. Zacks Investment Research cut shares of Capstone Turbine from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Maxim Group began coverage on shares of Capstone Turbine in a research note on Wednesday, August 1st. They set a “buy” rating and a $2.50 target price on the stock. HC Wainwright set a $2.00 target price on shares of Capstone Turbine and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, ValuEngine raised shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $2.25.
Shares of CPST opened at $0.83 on Friday. Capstone Turbine has a one year low of $0.69 and a one year high of $1.90.
Several hedge funds and other institutional investors have recently bought and sold shares of CPST. Northern Trust Corp grew its stake in shares of Capstone Turbine by 116.5% during the first quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock worth $177,000 after buying an additional 83,002 shares during the last quarter. Perkins Capital Management Inc. grew its stake in shares of Capstone Turbine by 6.9% during the second quarter. Perkins Capital Management Inc. now owns 1,152,143 shares of the industrial products company’s stock worth $1,648,000 after buying an additional 74,000 shares during the last quarter. EAM Investors LLC bought a new stake in shares of Capstone Turbine during the second quarter worth $671,000. BlackRock Inc. grew its stake in shares of Capstone Turbine by 43.1% during the second quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock worth $706,000 after buying an additional 148,753 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Capstone Turbine by 46.6% during the second quarter. Renaissance Technologies LLC now owns 1,119,109 shares of the industrial products company’s stock worth $1,600,000 after buying an additional 355,600 shares during the last quarter. 16.31% of the stock is currently owned by hedge funds and other institutional investors.
Capstone Turbine Company Profile
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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