Analysts predict that Nuvectra Corp (NASDAQ:NVTR) will announce earnings per share (EPS) of ($0.65) for the current quarter, Zacks reports. Three analysts have made estimates for Nuvectra’s earnings. The lowest EPS estimate is ($0.68) and the highest is ($0.62). Nuvectra reported earnings of ($0.84) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 1st.
According to Zacks, analysts expect that Nuvectra will report full-year earnings of ($2.77) per share for the current fiscal year, with EPS estimates ranging from ($2.80) to ($2.74). For the next year, analysts forecast that the company will post earnings of ($2.47) per share, with EPS estimates ranging from ($2.55) to ($2.39). Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Nuvectra.
Nuvectra (NASDAQ:NVTR) last announced its earnings results on Thursday, February 28th. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.15. Nuvectra had a negative net margin of 91.74% and a negative return on equity of 60.14%. The company had revenue of $14.53 million for the quarter, compared to analyst estimates of $15.58 million.
Several institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. increased its holdings in Nuvectra by 23.5% in the 4th quarter. American International Group Inc. now owns 11,394 shares of the company’s stock valued at $186,000 after buying an additional 2,166 shares during the period. PNC Financial Services Group Inc. boosted its position in Nuvectra by 231.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,318 shares of the company’s stock worth $54,000 after buying an additional 2,318 shares during the period. Teachers Advisors LLC boosted its position in Nuvectra by 13.4% during the 3rd quarter. Teachers Advisors LLC now owns 30,417 shares of the company’s stock worth $669,000 after buying an additional 3,600 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in Nuvectra by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,108 shares of the company’s stock worth $83,000 after buying an additional 3,989 shares during the period. Finally, MetLife Investment Advisors LLC raised its holdings in Nuvectra by 57.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 11,360 shares of the company’s stock worth $250,000 after purchasing an additional 4,128 shares during the last quarter. 81.64% of the stock is currently owned by institutional investors.
Shares of NVTR stock traded up $0.76 during trading hours on Monday, reaching $12.40. 6,010 shares of the company were exchanged, compared to its average volume of 214,990. Nuvectra has a fifty-two week low of $11.26 and a fifty-two week high of $25.17. The firm has a market capitalization of $206.02 million, a price-to-earnings ratio of -3.89 and a beta of 0.01. The company has a current ratio of 5.81, a quick ratio of 5.48 and a debt-to-equity ratio of 0.47.
Nuvectra Corporation, a neurostimulation medical device company, develops and commercializes neurostimulation technology platform for the treatment of various disorders in neuroscience and clinical markets. The company offers Algovita, a spinal cord stimulation system for the treatment of chronic intractable pain of the trunk and limbs.
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