Electronics For Imaging, Inc. (EFII) Expected to Announce Quarterly Sales of $218.89 Million

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Wall Street brokerages forecast that Electronics For Imaging, Inc. (NASDAQ:EFII) will announce $218.89 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Electronics For Imaging’s earnings, with estimates ranging from $217.88 million to $219.90 million. Electronics For Imaging posted sales of $239.87 million in the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, April 29th.

On average, analysts expect that Electronics For Imaging will report full year sales of $990.49 million for the current financial year, with estimates ranging from $976.70 million to $1.02 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.03 billion, with estimates ranging from $1.00 billion to $1.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last released its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $256.95 million during the quarter, compared to analysts’ expectations of $256.10 million. Electronics For Imaging had a negative return on equity of 0.13% and a negative net margin of 0.10%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS.

Several analysts have commented on EFII shares. Cross Research downgraded Electronics For Imaging from a “buy” rating to a “hold” rating and set a $20.12 price objective for the company. in a research note on Wednesday, January 16th. Citigroup cut their target price on Electronics For Imaging to $32.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. Morgan Stanley reissued an “underweight” rating on shares of Electronics For Imaging in a research note on Wednesday, January 16th. ValuEngine downgraded Electronics For Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research raised Electronics For Imaging from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.16.

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Electronics For Imaging by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 525,886 shares of the technology company’s stock valued at $13,041,000 after purchasing an additional 46,079 shares in the last quarter. Norges Bank purchased a new position in Electronics For Imaging in the 4th quarter valued at approximately $11,355,000. FMR LLC purchased a new position in Electronics For Imaging in the 4th quarter valued at approximately $1,580,000. Millennium Management LLC increased its stake in Electronics For Imaging by 119.1% in the 4th quarter. Millennium Management LLC now owns 381,175 shares of the technology company’s stock valued at $9,453,000 after purchasing an additional 207,182 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Electronics For Imaging by 3.1% in the 4th quarter. Legal & General Group Plc now owns 105,884 shares of the technology company’s stock valued at $2,637,000 after purchasing an additional 3,155 shares in the last quarter.

Shares of NASDAQ:EFII traded up $0.23 on Thursday, hitting $27.68. 1,485 shares of the company’s stock were exchanged, compared to its average volume of 365,718. The stock has a market cap of $1.17 billion, a P/E ratio of -1,385.50 and a beta of 1.09. Electronics For Imaging has a 1-year low of $19.76 and a 1-year high of $35.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.12 and a current ratio of 1.34.

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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