Wall Street brokerages expect that Neonode, Inc (NASDAQ:NEON) will post earnings of ($0.01) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Neonode’s earnings. Neonode reported earnings of ($0.02) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The company is expected to announce its next earnings results on Wednesday, August 8th.
On average, analysts expect that Neonode will report full year earnings of ($0.02) per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $0.06 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Neonode.
Neonode (NASDAQ:NEON) last posted its quarterly earnings results on Tuesday, May 8th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $2.38 million for the quarter, compared to analyst estimates of $2.69 million. Neonode had a negative return on equity of 63.40% and a negative net margin of 44.00%.
NEON has been the topic of a number of analyst reports. Cowen reaffirmed a “buy” rating and issued a $1.00 price target on shares of Neonode in a research report on Friday, March 9th. ValuEngine raised Neonode from a “hold” rating to a “buy” rating in a research report on Tuesday, June 12th. Finally, Zacks Investment Research raised Neonode from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th.
In other Neonode news, Director Ulf Rosberg bought 227,382 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were acquired at an average price of $0.32 per share, with a total value of $72,762.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought a total of 239,014 shares of company stock worth $76,495 in the last three months. Corporate insiders own 9.40% of the company’s stock.
NEON stock traded down $0.02 during mid-day trading on Friday, reaching $0.34. The company had a trading volume of 192,373 shares, compared to its average volume of 202,268. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.30 and a quick ratio of 2.88. The firm has a market capitalization of $21.09 million, a P/E ratio of -3.78 and a beta of 1.02. Neonode has a fifty-two week low of $0.30 and a fifty-two week high of $1.42.
Neonode Inc, together with its subsidiaries, develops and licenses user interface and optical interactive touch solutions under zForce brand name in the United States, Sweden, Japan, China, Germany, Taiwan, South Korea, Canada, Singapore, and internationally. It develops optical touch and gesture solutions for human interaction with devices, including automotive systems, printers, medical devices, PC devices, monitors, mobile phones, tablets, and e-readers.
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