Zacks: Analysts Anticipate Attunity Ltd (ATTU) Will Announce Earnings of $0.09 Per Share

Equities research analysts expect Attunity Ltd (NASDAQ:ATTU) to announce earnings per share (EPS) of $0.09 for the current quarter, Zacks reports. Two analysts have provided estimates for Attunity’s earnings, with estimates ranging from $0.08 to $0.10. The business is scheduled to announce its next earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Attunity will report full year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.47. For the next financial year, analysts forecast that the business will report earnings of $0.56 per share, with EPS estimates ranging from $0.50 to $0.62. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Attunity.

Attunity (NASDAQ:ATTU) last issued its quarterly earnings data on Thursday, November 1st. The technology company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.20. Attunity had a return on equity of 5.97% and a net margin of 2.45%. The company had revenue of $22.22 million during the quarter, compared to analyst estimates of $18.93 million.

Several brokerages recently commented on ATTU. BidaskClub raised Attunity from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. Zacks Investment Research raised Attunity from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Wednesday, November 7th. TheStreet upgraded Attunity from a “c” rating to a “b-” rating in a research report on Friday, November 2nd. Craig Hallum reiterated a “buy” rating and set a $24.00 target price on shares of Attunity in a research report on Thursday, November 1st. They noted that the move was a valuation call. Finally, Roth Capital lifted their target price on Attunity from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, September 19th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $24.50.

Shares of ATTU traded up $0.51 during trading hours on Monday, hitting $20.72. The stock had a trading volume of 832,375 shares, compared to its average volume of 329,436. Attunity has a 12 month low of $6.51 and a 12 month high of $23.85. The firm has a market capitalization of $432.15 million, a P/E ratio of -66.84 and a beta of 1.98.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATTU. First Manhattan Co. purchased a new position in Attunity during the third quarter valued at $113,000. Wells Fargo & Company MN purchased a new position in Attunity during the third quarter valued at $120,000. Engineers Gate Manager LP purchased a new position in Attunity during the second quarter valued at $143,000. Citadel Advisors LLC purchased a new position in Attunity during the second quarter valued at $151,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Attunity during the third quarter valued at $209,000. Institutional investors own 49.20% of the company’s stock.

About Attunity

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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