Zacks: Brokerages Anticipate Arcimoto, Inc. (NASDAQ:FUV) Will Post Earnings of -$0.15 Per Share

Wall Street analysts expect Arcimoto, Inc. (NASDAQ:FUV) to report earnings of ($0.15) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Arcimoto’s earnings, with the lowest EPS estimate coming in at ($0.23) and the highest estimate coming in at ($0.11). Arcimoto also reported earnings of ($0.15) per share in the same quarter last year. The firm is expected to issue its next quarterly earnings report on Wednesday, August 18th.

According to Zacks, analysts expect that Arcimoto will report full-year earnings of ($0.57) per share for the current year, with EPS estimates ranging from ($0.85) to ($0.36). For the next fiscal year, analysts expect that the firm will report earnings of ($0.47) per share, with EPS estimates ranging from ($0.53) to ($0.40). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Arcimoto.

Arcimoto (NASDAQ:FUV) last posted its quarterly earnings data on Sunday, May 16th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.01). Arcimoto had a negative return on equity of 48.32% and a negative net margin of 650.85%.

FUV has been the subject of a number of research analyst reports. Zacks Investment Research lowered Arcimoto from a “hold” rating to a “sell” rating in a report on Monday, April 26th. Aegis lifted their target price on Arcimoto from $11.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, April 1st. Finally, HC Wainwright lowered shares of Arcimoto from a “buy” rating to a “neutral” rating in a research report on Thursday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Arcimoto has a consensus rating of “Hold” and a consensus target price of $11.25.

FUV stock opened at $13.79 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 15.65 and a quick ratio of 14.02. The firm has a market capitalization of $493.45 million, a price-to-earnings ratio of -22.24 and a beta of 2.48. Arcimoto has a 52-week low of $2.82 and a 52-week high of $36.80. The company’s 50 day moving average price is $10.53.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. bought a new stake in shares of Arcimoto during the 4th quarter worth about $3,167,000. ExodusPoint Capital Management LP bought a new position in shares of Arcimoto in the fourth quarter valued at approximately $299,000. BlackRock Inc. lifted its stake in shares of Arcimoto by 43.0% in the fourth quarter. BlackRock Inc. now owns 535,265 shares of the company’s stock worth $7,081,000 after buying an additional 160,916 shares during the last quarter. Regis Management CO LLC acquired a new position in Arcimoto in the 1st quarter valued at $667,000. Finally, Cetera Advisors LLC bought a new position in Arcimoto in the 4th quarter worth $173,000. Institutional investors own 22.84% of the company’s stock.

Arcimoto Company Profile

Arcimoto, Inc designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience comfort for two passengers with cargo, parking, and operation. The company's products also comprise Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution to get goods where they need to go; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, an unparalleled pure-electric on-road thrill machine.

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