Scotiabank Has Negative Outlook for eMagin FY2027 Earnings

eMagin Corporation (NYSE:EMA) – Scotiabank dropped their FY2027 EPS estimates for shares of eMagin in a report released on Thursday, July 23rd. Scotiabank analyst A. Weisel now expects that the company will post earnings of $2.52 per share for the year, down from their prior forecast of $2.59.

Other equities analysts have also issued reports about the company. Barclays decreased their price target on eMagin from $53.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Weiss Ratings cut eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen raised eMagin from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, eMagin has an average rating of “Hold” and a consensus target price of $60.00.

eMagin Stock Up 0.9%

Shares of NYSE:EMA opened at $54.82 on Friday. The company has a 50 day moving average of $52.81 and a 200-day moving average of $51.80. eMagin has a twelve month low of $45.77 and a twelve month high of $55.42.

Institutional Investors Weigh In On eMagin

A number of institutional investors and hedge funds have recently modified their holdings of EMA. Parallel Advisors LLC boosted its position in shares of eMagin by 130.9% in the 1st quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock valued at $26,000 after purchasing an additional 288 shares during the period. EverSource Wealth Advisors LLC raised its holdings in eMagin by 1,375.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock worth $35,000 after buying an additional 660 shares during the period. DGS Capital Management LLC acquired a new stake in eMagin during the 1st quarter worth about $349,000. Venturi Wealth Management LLC purchased a new stake in eMagin during the fourth quarter valued at about $356,000. Finally, Versant Capital Management Inc lifted its stake in eMagin by 15.0% during the second quarter. Versant Capital Management Inc now owns 7,396 shares of the company’s stock valued at $392,000 after buying an additional 963 shares in the last quarter.

eMagin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.7325 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $2.93 annualized dividend and a dividend yield of 5.3%.

eMagin Company Profile

eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.