Analysts Offer Predictions for Capstone Turbine Co.’s FY2018 Earnings (CPST)

Capstone Turbine Co. (NASDAQ:CPST) – Analysts at Oppenheimer boosted their FY2018 earnings per share estimates for shares of Capstone Turbine in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Oppenheimer analyst C. Rusch now expects that the industrial products company will earn ($0.22) per share for the year, up from their prior estimate of ($0.27). Oppenheimer currently has a “Buy” rating and a $2.00 price objective on the stock. Oppenheimer also issued estimates for Capstone Turbine’s FY2019 earnings at $0.00 EPS.

Capstone Turbine (NASDAQ:CPST) last posted its earnings results on Monday, February 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The firm had revenue of $22.80 million for the quarter, compared to analysts’ expectations of $22.70 million. Capstone Turbine had a negative return on equity of 66.93% and a negative net margin of 15.01%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.28) earnings per share.

Several other equities research analysts have also recently weighed in on the company. HC Wainwright set a $2.00 price target on Capstone Turbine and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Roth Capital set a $2.00 price target on Capstone Turbine and gave the stock a “buy” rating in a research note on Friday, October 27th. 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 stock. The stock currently has a consensus rating of “Buy” and an average price target of $1.69.

Shares of Capstone Turbine (NASDAQ:CPST) traded up $0.01 during mid-day trading on Thursday, reaching $0.89. The company had a trading volume of 552,000 shares, compared to its average volume of 1,037,336. The stock has a market capitalization of $47.59, a PE ratio of -2.57 and a beta of 0.84. Capstone Turbine has a 12 month low of $0.58 and a 12 month high of $1.35.

A number of hedge funds have recently modified their holdings of CPST. Macquarie Group Ltd. purchased a new stake in Capstone Turbine in the fourth quarter worth $111,000. Geode Capital Management LLC boosted its holdings in Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 67,509 shares in the last quarter. GMT Capital Corp bought a new stake in Capstone Turbine in the third quarter worth $191,000. Wedbush Securities Inc. boosted its holdings in Capstone Turbine by 52.1% in the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 111,001 shares in the last quarter. Finally, Perkins Capital Management Inc. bought a new stake in Capstone Turbine in the fourth quarter worth $744,000. 10.57% of the stock is currently owned by institutional investors.

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About Capstone Turbine

Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.

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