Analysts expect Cray Inc. (NASDAQ:CRAY) to post earnings of ($0.50) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cray’s earnings. The lowest EPS estimate is ($0.61) and the highest is ($0.39). Cray reported earnings of ($0.47) per share during the same quarter last year, which indicates a negative year over year growth rate of 6.4%. The business is scheduled to announce its next quarterly earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Cray will report full year earnings of ($1.69) per share for the current year, with EPS estimates ranging from ($1.72) to ($1.65). For the next financial year, analysts forecast that the firm will report earnings of ($0.90) per share, with EPS estimates ranging from ($1.19) to ($0.61). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Cray.
Cray (NASDAQ:CRAY) last issued its quarterly earnings data on Friday, August 2nd. The technology company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.12). Cray had a negative return on equity of 17.89% and a negative net margin of 16.99%. The company had revenue of $68.70 million for the quarter, compared to the consensus estimate of $72.15 million.
Several equities analysts recently weighed in on CRAY shares. BidaskClub raised shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Thursday. ValuEngine raised Cray from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 18th. Wells Fargo & Co downgraded Cray from an “outperform” rating to a “market perform” rating in a research note on Friday, May 17th. Zacks Investment Research raised Cray from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Finally, Craig Hallum downgraded Cray from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.00.
Shares of NASDAQ:CRAY remained flat at $$34.71 during midday trading on Friday. 225,947 shares of the company traded hands, compared to its average volume of 400,397. Cray has a twelve month low of $18.76 and a twelve month high of $36.64. The company has a quick ratio of 2.62, a current ratio of 3.33 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $34.66. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -24.44 and a beta of 0.85.
In other news, VP Brian C. Henry sold 36,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $28.97, for a total transaction of $1,042,920.00. Following the transaction, the vice president now directly owns 106,546 shares of the company’s stock, valued at $3,086,637.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian C. Henry sold 52,409 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $31.66, for a total value of $1,659,268.94. Following the completion of the sale, the vice president now directly owns 31,475 shares of the company’s stock, valued at $996,498.50. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $2,809,919 in the last ninety days. 4.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Cray during the 2nd quarter valued at about $463,000. Gabelli Funds LLC bought a new stake in shares of Cray during the 2nd quarter valued at about $1,385,000. Gamco Investors INC. ET AL bought a new stake in shares of Cray during the 2nd quarter valued at about $1,140,000. Everence Capital Management Inc. purchased a new position in shares of Cray during the 2nd quarter valued at about $242,000. Finally, Swiss National Bank raised its holdings in shares of Cray by 2.3% during the 2nd quarter. Swiss National Bank now owns 76,100 shares of the technology company’s stock valued at $2,650,000 after buying an additional 1,700 shares in the last quarter. 96.70% of the stock is owned by institutional investors and hedge funds.
Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.
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