Analysts Expect Safeguard Scientifics, Inc (SFE) Will Post Earnings of $1.61 Per Share

Equities research analysts expect that Safeguard Scientifics, Inc (NYSE:SFE) will announce earnings per share of $1.61 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Safeguard Scientifics’ earnings. Safeguard Scientifics reported earnings per share of ($0.91) in the same quarter last year, which suggests a positive year over year growth rate of 276.9%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Safeguard Scientifics will report full-year earnings of ($0.79) per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of ($3.12) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Safeguard Scientifics.

Safeguard Scientifics (NYSE:SFE) last issued its quarterly earnings results on Thursday, July 26th. The asset manager reported ($1.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.08) by ($0.13).

Several equities analysts have recently issued reports on SFE shares. Zacks Investment Research lowered Safeguard Scientifics from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine lowered Safeguard Scientifics from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Finally, First Analysis lowered Safeguard Scientifics from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $18.00 to $17.00 in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.13.

Shares of SFE traded down $0.13 during midday trading on Thursday, hitting $8.88. The company’s stock had a trading volume of 87,617 shares, compared to its average volume of 101,620. Safeguard Scientifics has a one year low of $8.60 and a one year high of $14.40. The company has a debt-to-equity ratio of 1.60, a quick ratio of 5.03 and a current ratio of 5.03. The firm has a market cap of $193.07 million, a price-to-earnings ratio of -2.07 and a beta of 1.27.

Several institutional investors and hedge funds have recently modified their holdings of SFE. SG Americas Securities LLC bought a new stake in Safeguard Scientifics during the 2nd quarter worth $141,000. Mycio Wealth Partners LLC bought a new stake in Safeguard Scientifics during the 2nd quarter worth $297,000. Wells Fargo & Company MN grew its position in Safeguard Scientifics by 58.9% during the 1st quarter. Wells Fargo & Company MN now owns 24,192 shares of the asset manager’s stock worth $296,000 after acquiring an additional 8,964 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Safeguard Scientifics during the 2nd quarter worth $493,000. Finally, Prudential Financial Inc. grew its position in Safeguard Scientifics by 19.1% during the 1st quarter. Prudential Financial Inc. now owns 43,061 shares of the asset manager’s stock worth $528,000 after acquiring an additional 6,900 shares during the last quarter. Institutional investors own 72.63% of the company’s stock.

Safeguard Scientifics Company Profile

Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings. It initially invests in a Series A-C round and opportunistically in a seed round.

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Earnings History and Estimates for Safeguard Scientifics (NYSE:SFE)

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