Equities research analysts forecast that eMagin Co. (NYSE:EMAN) will post earnings per share (EPS) of ($0.05) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for eMagin’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.05). eMagin posted earnings per share of ($0.08) in the same quarter last year, which indicates a positive year-over-year growth rate of 37.5%. The company is scheduled to report its next quarterly earnings results on Friday, November 10th.
On average, analysts expect that eMagin will report full-year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.22). For the next financial year, analysts forecast that the business will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.16) to ($0.08). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow eMagin.
eMagin (NYSE:EMAN) last released its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $6.00 million. eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%.
EMAN has been the topic of several research reports. Zacks Investment Research lowered eMagin from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. HC Wainwright set a $4.00 price objective on eMagin and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Rodman & Renshaw reaffirmed a “buy” rating and set a $4.00 price objective on shares of eMagin in a report on Friday, June 23rd.
eMagin (NYSE:EMAN) traded up 10.00% on Friday, reaching $2.20. The company’s stock had a trading volume of 94,640 shares. The company has a 50 day moving average of $2.25 and a 200 day moving average of $2.38. eMagin has a 52 week low of $1.85 and a 52 week high of $3.00. The firm’s market capitalization is $76.94 million.
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An institutional investor recently bought a new position in eMagin stock. Virtu KCG Holdings LLC bought a new position in shares of eMagin Co. (NYSE:EMAN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,044 shares of the semiconductor company’s stock, valued at approximately $103,000. Virtu KCG Holdings LLC owned 0.13% of eMagin as of its most recent filing with the Securities and Exchange Commission (SEC).
eMagin Company Profile
eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.
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