Electronics For Imaging, Inc. (NASDAQ:EFII) – Equities research analysts at Griffin Securities lowered their Q4 2018 earnings estimates for shares of Electronics For Imaging in a report released on Thursday, Zacks Investment Research reports. Griffin Securities analyst M. Ajzenman now forecasts that the technology company will post earnings of $0.37 per share for the quarter, down from their prior estimate of $0.39. Griffin Securities currently has a “Buy” rating on the stock.
Other equities research analysts also recently issued research reports about the company. Barclays downgraded Electronics For Imaging from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $33.00 to $31.00 in a report on Wednesday, January 10th. TheStreet downgraded Electronics For Imaging from a “c” rating to a “d+” rating in a report on Thursday, February 1st. Stifel Nicolaus lifted their target price on Electronics For Imaging from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. William Blair downgraded Electronics For Imaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded Electronics For Imaging from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Electronics For Imaging currently has an average rating of “Hold” and an average target price of $42.78.
Electronics For Imaging (EFII) traded down $0.29 during trading on Monday, hitting $26.48. The company had a trading volume of 413,400 shares, compared to its average volume of 597,292. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 2.14. Electronics For Imaging has a 12-month low of $25.28 and a 12-month high of $51.15. The firm has a market capitalization of $1,223.15, a P/E ratio of 102.96, a price-to-earnings-growth ratio of 24.12 and a beta of 1.07.
Electronics For Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Electronics For Imaging had a positive return on equity of 1.46% and a negative net margin of 1.54%. The business had revenue of $269.20 million for the quarter, compared to analysts’ expectations of $264.62 million. During the same quarter in the previous year, the firm posted $0.77 EPS. Electronics For Imaging’s revenue was up .9% on a year-over-year basis.
In other Electronics For Imaging news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $29.93, for a total value of $269,370.00. Following the completion of the transaction, the chief executive officer now directly owns 342,450 shares of the company’s stock, valued at $10,249,528.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 36,000 shares of company stock valued at $1,075,860 over the last three months. 1.88% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC raised its stake in shares of Electronics For Imaging by 10.9% during the 4th quarter. Needham Investment Management LLC now owns 204,000 shares of the technology company’s stock worth $6,024,000 after buying an additional 20,000 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Electronics For Imaging during the 4th quarter worth approximately $676,000. Geode Capital Management LLC raised its stake in shares of Electronics For Imaging by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 431,105 shares of the technology company’s stock worth $12,729,000 after buying an additional 16,978 shares during the period. Senvest Management LLC raised its stake in shares of Electronics For Imaging by 273.8% during the 4th quarter. Senvest Management LLC now owns 112,143 shares of the technology company’s stock worth $3,312,000 after buying an additional 82,143 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Electronics For Imaging during the 4th quarter worth approximately $612,000.
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About Electronics For Imaging
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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