Electronics For Imaging (EFII) Posts Earnings Results, Meets Estimates

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Electronics For Imaging (NASDAQ:EFII) announced its quarterly earnings data on Monday. The technology company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50, MarketWatch Earnings reports. The firm had revenue of $257.10 million during the quarter, compared to analysts’ expectations of $263.24 million. Electronics For Imaging had a negative net margin of 2.29% and a positive return on equity of 0.50%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share.

Shares of EFII stock opened at $28.38 on Tuesday. The company has a quick ratio of 2.15, a current ratio of 2.55 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.29 billion, a P/E ratio of 105.11, a price-to-earnings-growth ratio of 21.59 and a beta of 1.06. Electronics For Imaging has a fifty-two week low of $25.28 and a fifty-two week high of $35.62.

In related news, insider Guy Gecht sold 9,000 shares of Electronics For Imaging stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $34.78, for a total value of $313,020.00. Following the completion of the transaction, the insider now owns 282,367 shares in the company, valued at $9,820,724.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.63% of the company’s stock.

A number of brokerages recently weighed in on EFII. Zacks Investment Research upgraded shares of Electronics For Imaging from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Monday. BidaskClub upgraded shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, ValuEngine upgraded shares of Electronics For Imaging from a “hold” rating to a “buy” rating in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.50.

Electronics For Imaging Company Profile

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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Earnings History for Electronics For Imaging (NASDAQ:EFII)

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