Electronics For Imaging, Inc. (EFII) Expected to Post Quarterly Sales of $280.16 Million

Analysts predict that Electronics For Imaging, Inc. (NASDAQ:EFII) will announce sales of $280.16 million for the current quarter, Zacks reports. Two analysts have issued estimates for Electronics For Imaging’s earnings. The lowest sales estimate is $277.22 million and the highest is $283.09 million. Electronics For Imaging posted sales of $269.16 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The company is scheduled to announce its next earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Electronics For Imaging will report full-year sales of $1.04 billion for the current fiscal year. For the next financial year, analysts forecast that the business will report sales of $1.10 billion, with estimates ranging from $1.08 billion to $1.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last released its earnings results on Monday, October 29th. The technology company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $257.10 million during the quarter, compared to the consensus estimate of $263.24 million. Electronics For Imaging had a positive return on equity of 0.51% and a negative net margin of 2.27%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share.

A number of equities research analysts recently commented on EFII shares. ValuEngine downgraded Electronics For Imaging from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Zacks Investment Research upgraded Electronics For Imaging from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday, October 10th. Finally, BidaskClub downgraded Electronics For Imaging from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Four analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.00.

In other Electronics For Imaging news, insider Guy Gecht sold 9,000 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was 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 directly owns 282,367 shares of the company’s stock, valued at $9,820,724.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.63% of the company’s stock.

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in Electronics For Imaging by 45.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after acquiring an additional 1,792 shares during the period. Amalgamated Bank acquired a new position in Electronics For Imaging in the second quarter valued at about $213,000. United Services Automobile Association acquired a new position in Electronics For Imaging in the second quarter valued at about $231,000. Crossmark Global Holdings Inc. acquired a new position in Electronics For Imaging in the second quarter valued at about $237,000. Finally, Riverhead Capital Management LLC grew its stake in Electronics For Imaging by 34.8% in the third quarter. Riverhead Capital Management LLC now owns 8,530 shares of the technology company’s stock valued at $291,000 after acquiring an additional 2,200 shares during the period.

Shares of EFII stock traded up $0.05 on Monday, reaching $27.18. 118,533 shares of the stock were exchanged, compared to its average volume of 495,069. The company has a market cap of $1.19 billion, a P/E ratio of 100.67, a PEG ratio of 82.21 and a beta of 1.07. Electronics For Imaging has a one year low of $25.28 and a one year high of $35.62.

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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