Brokerages Expect Electronics For Imaging, Inc. (EFII) to Post $0.49 EPS

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Wall Street analysts expect Electronics For Imaging, Inc. (NASDAQ:EFII) to report earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Electronics For Imaging’s earnings, with estimates ranging from $0.48 to $0.50. Electronics For Imaging posted earnings per share of $0.48 in the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The company is scheduled to report its next earnings results on Thursday, October 25th.

On average, analysts expect that Electronics For Imaging will report full-year earnings of $2.01 per share for the current year, with EPS estimates ranging from $2.00 to $2.02. For the next financial year, analysts forecast that the firm will report earnings of $2.10 per share, with EPS estimates ranging from $1.98 to $2.19. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last issued its quarterly earnings data on Monday, July 30th. The technology company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $261.07 million during the quarter, compared to analysts’ expectations of $263.72 million. Electronics For Imaging had a positive return on equity of 0.50% and a negative net margin of 2.29%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share.

EFII has been the subject of a number of research analyst reports. BidaskClub downgraded Electronics For Imaging from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Zacks Investment Research raised Electronics For Imaging from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research report on Friday, August 3rd. Finally, ValuEngine raised Electronics For Imaging from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $38.00.

In related news, insider Guy Gecht sold 9,000 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $34.78, for a total transaction of $313,020.00. Following the completion of the sale, the insider now directly owns 282,367 shares of the company’s stock, valued at $9,820,724.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.63% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of EFII. United Services Automobile Association bought a new position in Electronics For Imaging during the second quarter valued at $231,000. Northern Trust Corp grew its holdings in Electronics For Imaging by 1.8% during the second quarter. Northern Trust Corp now owns 953,827 shares of the technology company’s stock valued at $31,056,000 after purchasing an additional 16,982 shares during the period. Glenmede Trust Co. NA grew its holdings in Electronics For Imaging by 3.9% during the second quarter. Glenmede Trust Co. NA now owns 1,207,215 shares of the technology company’s stock valued at $39,307,000 after purchasing an additional 45,821 shares during the period. Intrinsic Edge Capital Management LLC bought a new position in Electronics For Imaging during the second quarter valued at $6,141,000. Finally, Needham Investment Management LLC grew its holdings in Electronics For Imaging by 4.9% during the second quarter. Needham Investment Management LLC now owns 223,000 shares of the technology company’s stock valued at $7,261,000 after purchasing an additional 10,500 shares during the period.

Shares of EFII traded down $0.12 on Friday, reaching $30.55. 364,136 shares of the company’s stock traded hands, compared to its average volume of 507,010. The company has a current ratio of 2.55, a quick ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 113.15, a PEG ratio of 25.24 and a beta of 1.06. Electronics For Imaging has a 52-week low of $25.28 and a 52-week high of $43.42.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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