Wall Street analysts predict that Electronics for Imaging, Inc. (NASDAQ:EFII) will announce sales of $258.09 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Electronics for Imaging’s earnings, with the lowest sales estimate coming in at $258.00 million and the highest estimate coming in at $258.27 million. Electronics for Imaging posted sales of $245.58 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The firm is scheduled to report its next earnings results on Monday, October 23rd.
On average, analysts expect that Electronics for Imaging will report full year sales of $258.09 million for the current fiscal year, with estimates ranging from $1.01 billion to $1.03 billion. For the next financial year, analysts expect that the firm will report sales of $1.12 billion per share, with estimates ranging from $1.10 billion to $1.15 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Electronics for Imaging.
Electronics for Imaging (NASDAQ:EFII) last issued its earnings results on Monday, September 11th. The technology company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The firm had revenue of $247.00 million during the quarter, compared to analyst estimates of $247.65 million. Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share.
EFII has been the subject of a number of research reports. Loop Capital initiated coverage on shares of Electronics for Imaging in a research note on Monday, July 24th. They issued a “buy” rating and a $58.00 price target for the company. Morgan Stanley downgraded shares of Electronics for Imaging from an “equal weight” rating to an “underweight” rating in a research note on Friday, August 4th. Longbow Research downgraded shares of Electronics for Imaging from a “neutral” rating to an “underperform” rating in a research note on Friday, August 4th. Sidoti downgraded shares of Electronics for Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, August 4th. Finally, BidaskClub downgraded shares of Electronics for Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $50.70.
Shares of Electronics for Imaging (EFII) traded down 0.60% during mid-day trading on Monday, hitting $41.34. The stock had a trading volume of 138,355 shares. The stock’s 50-day moving average is $36.71 and its 200 day moving average is $44.90. Electronics for Imaging has a 1-year low of $25.54 and a 1-year high of $51.15. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 42.84 and a beta of 1.27.
Electronics for Imaging announced that its board has approved a share buyback plan on Monday, September 11th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, CEO Guy Gecht sold 13,746 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $48.21, for a total transaction of $662,694.66. Following the sale, the chief executive officer now owns 386,760 shares in the company, valued at $18,645,699.60. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have sold 45,458 shares of company stock worth $2,118,405. Corporate insiders own 1.88% of the company’s stock.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Electronics for Imaging during the second quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Electronics for Imaging by 83.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,287 shares of the technology company’s stock valued at $112,000 after buying an additional 1,037 shares during the last quarter. Strs Ohio grew its holdings in shares of Electronics for Imaging by 91.7% during the first quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $112,000 after buying an additional 1,100 shares during the last quarter. First Interstate Bank grew its holdings in shares of Electronics for Imaging by 9.4% during the first quarter. First Interstate Bank now owns 4,518 shares of the technology company’s stock valued at $221,000 after buying an additional 390 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Electronics for Imaging by 79.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,536 shares of the technology company’s stock valued at $221,000 after buying an additional 2,010 shares during the last quarter.
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Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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