Wall Street analysts expect Capstone Turbine Co. (NASDAQ:CPST) to report $21.55 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Capstone Turbine’s earnings, with the lowest sales estimate coming in at $21.00 million and the highest estimate coming in at $22.10 million. Capstone Turbine reported sales of $19.24 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12%. The company is expected to announce its next quarterly earnings report on Wednesday, August 8th.
According to Zacks, analysts expect that Capstone Turbine will report full-year sales of $101.37 million for the current year, with estimates ranging from $95.00 million to $106.30 million. For the next fiscal year, analysts expect that the company will post sales of $124.40 million per share. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Capstone Turbine.
Capstone Turbine (NASDAQ:CPST) last announced its earnings results on Thursday, June 7th. The industrial products company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $21.06 million for the quarter, compared to analyst estimates of $21.10 million. Capstone Turbine had a negative return on equity of 46.90% and a negative net margin of 12.10%.
Several equities analysts have recently commented on CPST shares. Zacks Investment Research lowered Capstone Turbine from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. ValuEngine upgraded Capstone Turbine from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. HC Wainwright set a $2.00 price objective on Capstone Turbine and gave the company a “buy” rating in a research report on Friday, April 13th. Finally, Lake Street Capital started coverage on Capstone Turbine in a research report on Friday, June 15th. They set a “buy” rating and a $3.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Capstone Turbine has an average rating of “Buy” and an average price target of $2.15.
In other news, Director Robert C. Flexon acquired 30,000 shares of Capstone Turbine stock in a transaction dated Tuesday, June 12th. The shares were purchased at an average cost of $1.53 per share, for a total transaction of $45,900.00. Following the transaction, the director now owns 41,875 shares of the company’s stock, valued at $64,068.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 44,655 shares of company stock worth $68,243 over the last quarter. Corporate insiders own 1.83% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in Capstone Turbine in the 4th quarter worth approximately $111,000. Wedbush Securities Inc. lifted its holdings in Capstone Turbine by 52.1% in the 4th quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after buying an additional 111,001 shares during the period. Sabby Management LLC purchased a new stake in Capstone Turbine in the 4th quarter worth approximately $758,000. Geode Capital Management LLC lifted its holdings in Capstone Turbine by 63.3% in the 4th quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares during the period. Finally, Northern Trust Corp lifted its holdings in Capstone Turbine by 116.5% in the 1st quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock worth $177,000 after buying an additional 83,002 shares during the period. Institutional investors own 11.43% of the company’s stock.
Shares of Capstone Turbine stock traded up $0.01 during trading on Friday, hitting $1.50. 560,205 shares of the stock traded hands, compared to its average volume of 1,051,640. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $97.17 million, a PE ratio of -7.50 and a beta of 0.19. Capstone Turbine has a 52 week low of $0.58 and a 52 week high of $1.90.
Capstone Turbine Company Profile
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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