Wall Street brokerages expect that eMagin Co. (NYSE:EMAN) will report sales of $6.30 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for eMagin’s earnings, with the lowest sales estimate coming in at $5.60 million and the highest estimate coming in at $7.70 million. eMagin reported sales of $4.31 million in the same quarter last year, which indicates a positive year over year growth rate of 46.2%. The firm is expected to announce its next quarterly earnings results on Friday, November 10th.
On average, analysts expect that eMagin will report full year sales of $6.30 million for the current year, with estimates ranging from $22.70 million to $28.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $31.64 million per share, with estimates ranging from $28.00 million to $34.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for eMagin.
eMagin (NYSE:EMAN) last announced its quarterly earnings results on Thursday, August 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.02). eMagin had a negative net margin of 43.16% and a negative return on equity of 44.28%. The firm had revenue of $5.26 million during the quarter, compared to the consensus estimate of $6.00 million.
A number of equities analysts have weighed in on the stock. HC Wainwright assumed coverage on shares of eMagin in a research report on Saturday, June 24th. They issued a “buy” rating and a $4.00 price target for the company. Rodman & Renshaw reiterated a “buy” rating and issued a $4.00 price target on shares of eMagin in a research report on Friday, June 23rd. Finally, Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th.
eMagin (EMAN) opened at 2.20 on Friday. The firm has a 50-day moving average of $2.24 and a 200 day moving average of $2.38. The company’s market capitalization is $76.94 million. eMagin has a one year low of $1.85 and a one year high of $3.00.
An institutional investor recently bought a new position in eMagin stock. Virtu KCG Holdings LLC purchased a new position in eMagin Co. (NYSE:EMAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,044 shares of the semiconductor company’s stock, valued at approximately $103,000. Virtu KCG Holdings LLC owned 0.13% of eMagin at the end of the most recent reporting period.
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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