Equities analysts expect CyberOptics Co. (NASDAQ:CYBE) to post earnings per share (EPS) of $0.02 for the current quarter, Zacks reports. Zero analysts have made estimates for CyberOptics’ earnings. CyberOptics posted earnings per share of $0.15 in the same quarter last year, which would indicate a negative year over year growth rate of 86.7%. The firm is scheduled to announce its next earnings report on Thursday, July 26th.
On average, analysts expect that CyberOptics will report full-year earnings of $0.30 per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.80 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow CyberOptics.
CyberOptics (NASDAQ:CYBE) last released its quarterly earnings results on Tuesday, April 24th. The scientific and technical instruments company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. CyberOptics had a net margin of 2.44% and a return on equity of 1.81%. The firm had revenue of $14.12 million during the quarter.
Separately, Zacks Investment Research raised shares of CyberOptics from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.67.
Shares of CyberOptics traded up $0.60, reaching $18.55, during trading hours on Tuesday, MarketBeat reports. 39,600 shares of the stock were exchanged, compared to its average volume of 77,876. CyberOptics has a 12-month low of $11.35 and a 12-month high of $25.68. The stock has a market cap of $124.00 million, a PE ratio of 138.85, a P/E/G ratio of 2.36 and a beta of -0.28.
Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in CyberOptics by 347.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,017 shares of the scientific and technical instruments company’s stock valued at $109,000 after buying an additional 4,671 shares during the period. Wells Fargo & Company MN boosted its position in CyberOptics by 103.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,909 shares of the scientific and technical instruments company’s stock valued at $134,000 after buying an additional 4,540 shares during the period. White Pine Capital LLC boosted its position in CyberOptics by 23.5% in the 4th quarter. White Pine Capital LLC now owns 45,725 shares of the scientific and technical instruments company’s stock valued at $686,000 after buying an additional 8,700 shares during the period. Bank of New York Mellon Corp boosted its position in CyberOptics by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 56,183 shares of the scientific and technical instruments company’s stock valued at $842,000 after buying an additional 4,224 shares during the period. Finally, Unterberg Capital LLC purchased a new stake in CyberOptics in the 4th quarter valued at about $1,350,000. 68.60% of the stock is owned by institutional investors.
CyberOptics Company Profile
CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.
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