Brokerages forecast that Fusion Telecommunications International, Inc. (NASDAQ:FSNN) will report ($0.09) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Fusion Telecommunications International’s earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.11). Fusion Telecommunications International reported earnings per share of ($0.28) during the same quarter last year, which would indicate a positive year-over-year growth rate of 67.9%. The company is expected to issue its next quarterly earnings report on Thursday, March 28th.
According to Zacks, analysts expect that Fusion Telecommunications International will report full-year earnings of ($0.61) per share for the current year. For the next year, analysts anticipate that the business will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.25) to $0.06. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Fusion Telecommunications International.
Fusion Telecommunications International (NASDAQ:FSNN) last announced its quarterly earnings data on Tuesday, November 13th. The Wireless communications provider reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.14). The firm had revenue of $143.43 million for the quarter, compared to the consensus estimate of $134.85 million. Fusion Telecommunications International had a negative return on equity of 147.98% and a negative net margin of 13.27%.
A number of brokerages have recently commented on FSNN. Zacks Investment Research raised Fusion Telecommunications International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. BidaskClub cut Fusion Telecommunications International from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Fusion Telecommunications International has a consensus rating of “Hold” and an average price target of $6.50.
Shares of FSNN stock opened at $1.94 on Wednesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.50 and a quick ratio of 0.49. The stock has a market capitalization of $166.69 million, a PE ratio of -1.78 and a beta of 1.47. Fusion Telecommunications International has a one year low of $1.93 and a one year high of $6.63.
Several hedge funds have recently made changes to their positions in the company. Emancipation Management LLC increased its stake in shares of Fusion Telecommunications International by 182.4% in the 3rd quarter. Emancipation Management LLC now owns 191,297 shares of the Wireless communications provider’s stock valued at $492,000 after acquiring an additional 123,565 shares during the last quarter. Cowen Prime Services LLC increased its stake in shares of Fusion Telecommunications International by 23.5% in the 3rd quarter. Cowen Prime Services LLC now owns 1,436,600 shares of the Wireless communications provider’s stock valued at $3,692,000 after acquiring an additional 273,600 shares during the last quarter. Northern Trust Corp increased its stake in shares of Fusion Telecommunications International by 212.6% in the 2nd quarter. Northern Trust Corp now owns 238,984 shares of the Wireless communications provider’s stock valued at $942,000 after acquiring an additional 162,538 shares during the last quarter. KEMPER Corp bought a new stake in shares of Fusion Telecommunications International in the 2nd quarter valued at about $357,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Fusion Telecommunications International in the 2nd quarter valued at about $2,809,000. 14.25% of the stock is owned by institutional investors.
Fusion Telecommunications International Company Profile
Fusion Connect, Inc provides integrated cloud solutions to small, medium, and large businesses. Its proprietary service platform enables the integration of solutions in the cloud, including cloud voice and unified communications, contact center, cloud connectivity, and cloud computing, as well as additional cloud services, such as storage and security.
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