Zacks: Analysts Expect Electronics For Imaging, Inc. (EFII) to Post $0.22 Earnings Per Share

Brokerages predict that Electronics For Imaging, Inc. (NASDAQ:EFII) will announce $0.22 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Electronics For Imaging’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.20. Electronics For Imaging reported earnings of $0.38 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 42.1%. The firm is scheduled to report its next earnings results 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 fiscal year, with EPS estimates ranging from $1.37 to $1.85. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.75 per share, with EPS estimates ranging from $1.58 to $1.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for 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 consensus estimate of $0.46. Electronics For Imaging had a negative return on equity of 0.13% and a negative net margin of 0.10%. The firm had revenue of $256.95 million during the quarter, compared to analyst estimates of $256.10 million. During the same period in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year.

Several research analysts have issued reports on EFII shares. Loop Capital dropped their price objective on Electronics For Imaging to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. Citigroup dropped their price objective on Electronics For Imaging to $32.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. TheStreet lowered Electronics For Imaging from a “c-” rating to a “d+” rating in a research note on Friday, December 14th. BidaskClub upgraded Electronics For Imaging from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Finally, ValuEngine lowered Electronics For Imaging from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Electronics For Imaging has an average rating of “Hold” and a consensus 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 current ratio of 1.34 and a quick ratio of 1.12. Electronics For Imaging has a 52-week low of $19.76 and a 52-week high of $35.62. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -1,368.50 and a beta of 1.09.

Several hedge funds have recently made changes to their positions in EFII. Virginia Retirement Systems ET AL grew its holdings in shares of Electronics For Imaging by 61.0% during the third quarter. Virginia Retirement Systems ET AL now owns 27,700 shares of the technology company’s stock worth $944,000 after purchasing an additional 10,500 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of Electronics For Imaging during the third quarter worth $1,416,000. Eagle Boston Investment Management Inc. grew its holdings in shares of Electronics For Imaging by 7.5% during the third quarter. Eagle Boston Investment Management Inc. now owns 449,061 shares of the technology company’s stock worth $15,303,000 after purchasing an additional 31,353 shares during the last quarter. Granite Investment Partners LLC grew its holdings in shares of Electronics For Imaging by 5.1% during the third quarter. Granite Investment Partners LLC now owns 438,234 shares of the technology company’s stock worth $14,935,000 after purchasing an additional 21,384 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new stake in shares of Electronics For Imaging during the third quarter worth $3,136,000.

Electronics For Imaging Company Profile

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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