Kornit Digital Ltd. Forecasted to Post Q2 2018 Earnings of $0.07 Per Share (KRNT)

Kornit Digital Ltd. (NASDAQ:KRNT) – Investment analysts at William Blair issued their Q2 2018 EPS estimates for Kornit Digital in a research note issued on Tuesday. William Blair analyst B. Drab expects that the industrial products company will post earnings of $0.07 per share for the quarter. William Blair also issued estimates for Kornit Digital’s Q3 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.17 EPS.

COPYRIGHT VIOLATION WARNING: “Kornit Digital Ltd. Forecasted to Post Q2 2018 Earnings of $0.07 Per Share (KRNT)” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/11/12/kornit-digital-ltd-forecasted-to-post-q2-2018-earnings-of-0-07-per-share-krnt.html.

Several other research analysts have also recently weighed in on KRNT. Barclays PLC lowered their price target on shares of Kornit Digital from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday. BidaskClub cut shares of Kornit Digital from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Stifel Nicolaus lowered their price target on shares of Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Craig Hallum decreased their target price on shares of Kornit Digital from $20.00 to $26.00 in a research report on Thursday, September 28th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $24.00 target price on shares of Kornit Digital in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Kornit Digital currently has an average rating of “Hold” and an average target price of $18.67.

Kornit Digital (NASDAQ:KRNT) opened at $15.70 on Friday. The firm has a market cap of $529.64, a PE ratio of 78.50, a PEG ratio of 5.12 and a beta of 0.06. Kornit Digital has a 1 year low of $11.00 and a 1 year high of $23.15.

A number of hedge funds and other institutional investors have recently bought and sold shares of KRNT. Public Employees Retirement Association of Colorado acquired a new position in Kornit Digital in the second quarter valued at about $101,000. Cowen Prime Services LLC lifted its position in Kornit Digital by 104.8% in the second quarter. Cowen Prime Services LLC now owns 6,058 shares of the industrial products company’s stock valued at $117,000 after buying an additional 3,100 shares during the last quarter. Van ECK Associates Corp lifted its position in Kornit Digital by 49.4% in the second quarter. Van ECK Associates Corp now owns 7,813 shares of the industrial products company’s stock valued at $151,000 after buying an additional 2,583 shares during the last quarter. Wells Fargo & Company MN lifted its position in Kornit Digital by 1,540.0% in the second quarter. Wells Fargo & Company MN now owns 8,200 shares of the industrial products company’s stock valued at $159,000 after buying an additional 7,700 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in Kornit Digital in the second quarter valued at about $198,000. 77.62% of the stock is currently owned by institutional investors.

About Kornit Digital

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

Earnings History and Estimates for Kornit Digital (NASDAQ:KRNT)

Receive News & Ratings for Kornit Digital Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply