Brokerages expect American Superconductor Co. (NASDAQ:AMSC) to post ($0.31) earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for American Superconductor’s earnings. The highest EPS estimate is ($0.27) and the lowest is ($0.34). American Superconductor reported earnings per share of ($0.51) in the same quarter last year, which suggests a positive year-over-year growth rate of 39.2%. The company is expected to issue its next quarterly earnings results on Thursday, May 24th.
According to Zacks, analysts expect that American Superconductor will report full-year earnings of ($1.74) per share for the current financial year, with EPS estimates ranging from ($1.76) to ($1.73). For the next fiscal year, analysts expect that the business will report earnings of ($0.73) per share, with EPS estimates ranging from ($0.85) to ($0.57). Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for American Superconductor.
American Superconductor (NASDAQ:AMSC) last announced its earnings results on Monday, February 5th. The technology company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.17. American Superconductor had a negative net margin of 65.96% and a negative return on equity of 60.92%. The firm had revenue of $14.90 million during the quarter, compared to the consensus estimate of $17.19 million. During the same quarter in the previous year, the company posted ($0.21) EPS. The firm’s revenue for the quarter was down 45.0% on a year-over-year basis.
AMSC has been the subject of several analyst reports. Zacks Investment Research downgraded shares of American Superconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. B. Riley reissued a “hold” rating and issued a $6.00 target price on shares of American Superconductor in a research note on Thursday, January 25th. Finally, ValuEngine raised shares of American Superconductor from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.72.
AMSC stock traded down $0.34 during trading on Friday, hitting $5.85. The stock had a trading volume of 130,951 shares, compared to its average volume of 170,679. American Superconductor has a 1-year low of $2.89 and a 1-year high of $7.75. The company has a market capitalization of $129.60, a price-to-earnings ratio of -2.71 and a beta of 1.15.
Institutional investors and hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. grew its holdings in American Superconductor by 24.8% in the 4th quarter. Wedbush Securities Inc. now owns 57,660 shares of the technology company’s stock valued at $209,000 after buying an additional 11,453 shares during the period. Dimensional Fund Advisors LP grew its holdings in American Superconductor by 84.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 69,175 shares of the technology company’s stock valued at $314,000 after buying an additional 31,679 shares during the period. AWM Investment Company Inc. grew its holdings in American Superconductor by 90.8% in the 4th quarter. AWM Investment Company Inc. now owns 1,151,252 shares of the technology company’s stock valued at $4,179,000 after buying an additional 547,888 shares during the period. Anson Funds Management LP purchased a new stake in American Superconductor in the 4th quarter valued at about $321,000. Finally, Wolverine Asset Management LLC grew its holdings in American Superconductor by 30.4% in the 4th quarter. Wolverine Asset Management LLC now owns 237,369 shares of the technology company’s stock valued at $861,000 after buying an additional 55,375 shares during the period. Institutional investors own 25.37% of the company’s stock.
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About American Superconductor
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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