Brokerages Anticipate Electronics For Imaging, Inc. (EFII) Will Post Earnings of $0.22 Per Share

Brokerages expect Electronics For Imaging, Inc. (NASDAQ:EFII) to post $0.22 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Electronics For Imaging’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.24. Electronics For Imaging reported earnings of $0.38 per share during the same quarter last year, which indicates a negative year over year growth rate of 42.1%. The company is expected to issue its next quarterly earnings report on Monday, April 29th.

According to Zacks, analysts expect that Electronics For Imaging will report full-year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.37 to $1.85. For the next year, analysts expect that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.58 to $1.89. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Electronics For Imaging.

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

EFII has been the topic of a number of recent analyst reports. Loop Capital reduced their price objective on shares of Electronics For Imaging to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th. Cross Research lowered shares of Electronics For Imaging from a “buy” rating to a “hold” rating and set a $20.12 price objective on the stock. in a research report on Wednesday, January 16th. Citigroup reduced their price objective on shares of Electronics For Imaging to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th. Morgan Stanley reissued an “underweight” rating on shares of Electronics For Imaging in a research report on Wednesday, January 16th. Finally, Wells Fargo & Co reduced their price objective on shares of Electronics For Imaging from $32.00 to $26.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 16th. Two 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 company. The stock currently has a consensus rating of “Hold” and an average target price of $29.16.

Electronics For Imaging stock opened at $27.37 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.12 and a current ratio of 1.34. Electronics For Imaging has a 1-year low of $19.76 and a 1-year high of $35.62. The stock has a market capitalization of $1.16 billion, a P/E ratio of -1,368.50 and a beta of 1.09.

Several large investors have recently modified their holdings of EFII. Walthausen & Co. LLC purchased a new position in shares of Electronics For Imaging during the third quarter worth approximately $18,391,000. Norges Bank purchased a new position in shares of Electronics For Imaging during the fourth quarter worth approximately $11,355,000. Global Alpha Capital Management Ltd. purchased a new position in shares of Electronics For Imaging during the fourth quarter worth approximately $5,429,000. Millennium Management LLC increased its position in shares of Electronics For Imaging by 119.1% during the fourth quarter. Millennium Management LLC now owns 381,175 shares of the technology company’s stock worth $9,453,000 after acquiring an additional 207,182 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Electronics For Imaging by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,013,657 shares of the technology company’s stock worth $74,740,000 after acquiring an additional 195,146 shares during the period.

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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