Equities analysts predict that American Superconductor Co. (NASDAQ:AMSC) will announce ($0.22) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American Superconductor’s earnings, with estimates ranging from ($0.23) to ($0.21). American Superconductor posted earnings of ($0.25) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12%. The company is scheduled to announce its next earnings results on Wednesday, June 5th.
According to Zacks, analysts expect that American Superconductor will report full-year earnings of ($0.66) per share for the current fiscal year. For the next year, analysts expect that the business will post earnings of ($0.31) per share, with EPS estimates ranging from ($0.66) to $0.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow American Superconductor.
American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings results on Tuesday, February 5th. The technology company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.18. American Superconductor had a net margin of 52.83% and a negative return on equity of 25.54%. The firm had revenue of $14.13 million during the quarter, compared to analysts’ expectations of $15.13 million.
AMSC has been the topic of a number of recent analyst reports. BidaskClub lowered shares of American Superconductor from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Zacks Investment Research cut shares of American Superconductor from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. B. Riley lifted their target price on shares of American Superconductor to $11.00 and gave the stock a “neutral” rating in a research report on Friday, January 25th. Oppenheimer raised their price target on shares of American Superconductor from $10.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, February 7th. Finally, ValuEngine cut shares of American Superconductor from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. American Superconductor currently has a consensus rating of “Hold” and a consensus target price of $14.20.
Several hedge funds have recently made changes to their positions in AMSC. Psagot Investment House Ltd. lifted its stake in American Superconductor by 413.6% in the first quarter. Psagot Investment House Ltd. now owns 2,008 shares of the technology company’s stock valued at $26,000 after buying an additional 1,617 shares during the period. Bruderman Asset Management LLC purchased a new position in shares of American Superconductor during the 4th quarter valued at $25,000. Cookson Peirce & Co. Inc. lifted its position in shares of American Superconductor by 9.9% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 37,270 shares of the technology company’s stock valued at $479,000 after buying an additional 3,350 shares during the last quarter. Raymond James & Associates lifted its position in shares of American Superconductor by 28.7% during the 4th quarter. Raymond James & Associates now owns 19,333 shares of the technology company’s stock valued at $216,000 after buying an additional 4,311 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of American Superconductor during the 1st quarter valued at $171,000. 29.28% of the stock is owned by institutional investors.
NASDAQ AMSC traded up $0.18 during trading on Thursday, reaching $11.04. The company’s stock had a trading volume of 842 shares, compared to its average volume of 250,274. The firm has a market cap of $233.05 million, a PE ratio of -6.03 and a beta of 1.02. American Superconductor has a twelve month low of $4.84 and a twelve month high of $16.44.
About American Superconductor
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.
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