Analysts expect Electronics For Imaging, Inc. (NASDAQ:EFII) to announce $263.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Electronics For Imaging’s earnings. The highest sales estimate is $264.58 million and the lowest is $262.79 million. Electronics For Imaging posted sales of $248.36 million during the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The company is scheduled to issue its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Electronics For Imaging will report full-year sales of $1.05 billion for the current year, with estimates ranging from $1.05 billion to $1.06 billion. For the next year, analysts expect that the business will post sales of $1.10 billion, with estimates ranging from $1.06 billion to $1.14 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Electronics For Imaging.
Electronics For Imaging (NASDAQ:EFII) last posted its quarterly earnings data on Monday, July 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $261.07 million for the quarter, compared to analysts’ expectations of $263.72 million. Electronics For Imaging had a negative net margin of 2.29% and a positive return on equity of 0.50%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS.
A number of analysts have recently issued reports on EFII shares. ValuEngine lowered shares of Electronics For Imaging from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. BidaskClub lowered shares of Electronics For Imaging from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Finally, Zacks Investment Research upgraded shares of Electronics For Imaging from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.00.
In other news, insider Guy Gecht sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $34.78, for a total transaction of $313,020.00. Following the completion of the sale, the insider now owns 282,367 shares of the company’s stock, valued at $9,820,724.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.63% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in EFII. Prudential Financial Inc. grew its position in shares of Electronics For Imaging by 2.3% during the first quarter. Prudential Financial Inc. now owns 77,221 shares of the technology company’s stock worth $2,110,000 after buying an additional 1,750 shares in the last quarter. Natixis Advisors L.P. grew its position in shares of Electronics For Imaging by 20.1% during the first quarter. Natixis Advisors L.P. now owns 21,439 shares of the technology company’s stock worth $586,000 after buying an additional 3,582 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Electronics For Imaging by 21.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,349,305 shares of the technology company’s stock worth $64,207,000 after buying an additional 422,542 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Electronics For Imaging by 188.1% during the first quarter. BNP Paribas Arbitrage SA now owns 14,853 shares of the technology company’s stock worth $406,000 after buying an additional 31,713 shares in the last quarter. Finally, Carillon Tower Advisers Inc. acquired a new stake in shares of Electronics For Imaging during the first quarter worth approximately $2,358,000.
Shares of EFII traded down $0.12 during mid-day trading on Monday, reaching $30.55. 364,136 shares of the stock traded hands, compared to its average volume of 507,010. The firm has a market capitalization of $1.51 billion, a P/E ratio of 113.15, a P/E/G ratio of 25.24 and a beta of 1.06. Electronics For Imaging has a 12-month low of $25.28 and a 12-month high of $43.42. The company has a quick ratio of 2.15, a current ratio of 2.55 and a debt-to-equity ratio of 0.43.
About Electronics For Imaging
Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.
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