Equities analysts forecast that Capstone Turbine Co. (NASDAQ:CPST) will post sales of $24.18 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Capstone Turbine’s earnings, with estimates ranging from $23.70 million to $24.70 million. Capstone Turbine reported sales of $22.92 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.5%. The company is scheduled to announce its next earnings report on Tuesday, June 12th.
On average, analysts expect that Capstone Turbine will report full-year sales of $24.18 million for the current financial year, with estimates ranging from $85.50 million to $86.90 million. For the next fiscal year, analysts forecast that the business will report sales of $102.20 million per share, with estimates ranging from $95.00 million to $108.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Capstone Turbine.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.05. The business had revenue of $22.80 million for the quarter, compared to analyst estimates of $22.70 million. Capstone Turbine had a negative net margin of 15.01% and a negative return on equity of 66.93%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.28) earnings per share.
Several brokerages have commented on CPST. Zacks Investment Research raised shares of Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a research report on Tuesday. Oppenheimer set a $2.00 price objective on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Monday, February 5th. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Roth Capital set a $2.00 price objective on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $1.75.
Shares of Capstone Turbine (CPST) traded down $0.01 during mid-day trading on Friday, reaching $0.82. 418,453 shares of the company’s stock traded hands, compared to its average volume of 974,697. The company has a market capitalization of $38.33, a price-to-earnings ratio of -2.56 and a beta of 0.84. Capstone Turbine has a twelve month low of $0.58 and a twelve month high of $1.35.
Hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new stake in Capstone Turbine in the fourth quarter worth about $111,000. Geode Capital Management LLC increased its stake in shares of Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 67,509 shares in the last quarter. GMT Capital Corp purchased a new position in shares of Capstone Turbine in the third quarter worth about $191,000. Wedbush Securities Inc. increased its stake in shares of Capstone Turbine by 52.1% in the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 111,001 shares in the last quarter. Finally, Perkins Capital Management Inc. purchased a new position in shares of Capstone Turbine in the fourth quarter worth about $744,000. 9.43% of the stock is currently owned by institutional investors and hedge funds.
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About Capstone Turbine
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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