Equities research analysts forecast that Electronics For Imaging, Inc. (NASDAQ:EFII) will report $287.53 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Electronics For Imaging’s earnings. The highest sales estimate is $288.06 million and the lowest is $287.00 million. Electronics For Imaging posted sales of $269.16 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The firm is scheduled to announce its next earnings report on Wednesday, January 30th.
On average, analysts expect that Electronics For Imaging will report full year sales of $1.04 billion for the current fiscal year, with estimates ranging from $1.04 billion to $1.05 billion. For the next financial year, analysts forecast that the company will report sales of $1.10 billion, with estimates ranging from $1.06 billion to $1.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Electronics For Imaging.
Electronics For Imaging (NASDAQ:EFII) last issued its quarterly earnings results on Monday, October 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The company had revenue of $257.10 million during the quarter, compared to analyst estimates of $263.24 million. Electronics For Imaging had a negative net margin of 2.27% and a positive return on equity of 0.51%. Electronics For Imaging’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS.
Several brokerages recently issued reports on EFII. BidaskClub upgraded shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine lowered shares of Electronics For Imaging from a “buy” rating to a “hold” rating in a research note on Monday, August 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 target for the company in a research note on Friday, August 3rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Electronics For Imaging presently has a consensus rating of “Hold” and a consensus price target of $33.67.
Shares of Electronics For Imaging stock traded up $1.27 during trading on Thursday, hitting $31.72. The company’s stock had a trading volume of 1,113,900 shares, compared to its average volume of 512,573. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 2.15. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 117.48, a PEG ratio of 21.87 and a beta of 1.06. Electronics For Imaging has a 52 week low of $25.28 and a 52 week high of $35.62.
In related news, insider Guy Gecht sold 9,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $34.78, for a total transaction of $313,020.00. Following the sale, the insider now directly owns 282,367 shares of the company’s stock, valued at approximately $9,820,724.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.63% of the company’s stock.
A number of hedge funds have recently made changes to their positions in EFII. Envestnet Asset Management Inc. grew its position in Electronics For Imaging by 45.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,792 shares during the last quarter. Amalgamated Bank purchased a new stake in Electronics For Imaging during the 2nd quarter valued at about $213,000. United Services Automobile Association purchased a new stake in Electronics For Imaging during the 2nd quarter valued at about $231,000. Crossmark Global Holdings Inc. purchased a new stake in Electronics For Imaging during the 2nd quarter valued at about $237,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Electronics For Imaging during the 2nd quarter valued at about $281,000.
Electronics For Imaging Company Profile
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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