Zacks: Brokerages Anticipate CyberOptics Co. (NASDAQ:CYBE) Will Announce Earnings of -$0.07 Per Share

Wall Street brokerages predict that CyberOptics Co. (NASDAQ:CYBE) will announce earnings of ($0.07) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for CyberOptics’ earnings. CyberOptics posted earnings per share of $0.15 during the same quarter last year, which indicates a negative year-over-year growth rate of 146.7%. The company is expected to report its next earnings report after the market closes on Wednesday, October 23rd.

According to Zacks, analysts expect that CyberOptics will report full-year earnings of $0.03 per share for the current year. For the next financial year, analysts anticipate that the firm will post earnings of $0.20 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover CyberOptics.

CyberOptics (NASDAQ:CYBE) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.11. CyberOptics had a return on equity of 5.69% and a net margin of 4.97%. The business had revenue of $15.04 million for the quarter.

CYBE has been the topic of a number of recent analyst reports. Zacks Investment Research cut CyberOptics from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Lake Street Capital reiterated a “buy” rating and issued a $18.00 price objective (down from $25.00) on shares of CyberOptics in a report on Wednesday, July 3rd. Finally, ValuEngine upgraded CyberOptics from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. lifted its holdings in CyberOptics by 105.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,655 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 850 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in CyberOptics in the first quarter valued at approximately $74,000. Acadian Asset Management LLC lifted its holdings in CyberOptics by 727.4% in the second quarter. Acadian Asset Management LLC now owns 9,556 shares of the scientific and technical instruments company’s stock valued at $156,000 after acquiring an additional 8,401 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in CyberOptics in the second quarter valued at approximately $239,000. Finally, Marshall Wace LLP acquired a new position in CyberOptics in the first quarter valued at approximately $282,000. Hedge funds and other institutional investors own 60.34% of the company’s stock.

CYBE traded up $0.90 during trading hours on Tuesday, reaching $16.70. The company’s stock had a trading volume of 2,057 shares, compared to its average volume of 24,531. CyberOptics has a fifty-two week low of $11.55 and a fifty-two week high of $22.61. The stock has a market cap of $112.87 million, a PE ratio of 42.97, a P/E/G ratio of 43.92 and a beta of 0.09. The business’s 50-day moving average is $14.67 and its 200-day moving average is $15.18. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.46 and a quick ratio of 2.96.

About CyberOptics

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

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