Zacks: Analysts Expect Attunity Ltd (ATTU) Will Post Earnings of $0.09 Per Share

Equities analysts expect that Attunity Ltd (NASDAQ:ATTU) will report earnings per share of $0.09 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Attunity’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.10. Attunity posted earnings of $0.07 per share during the same quarter last year, which would indicate a positive year over year growth rate of 28.6%. The business is expected to announce its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Attunity will report full year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.63. For the next year, analysts forecast that the business will post earnings of $0.74 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Attunity.

Attunity (NASDAQ:ATTU) last released its quarterly earnings results on Thursday, January 31st. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.10. Attunity had a return on equity of 11.23% and a net margin of 6.95%. The business had revenue of $25.98 million during the quarter, compared to analysts’ expectations of $23.70 million.

A number of research analysts recently issued reports on the company. BidaskClub raised Attunity from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 17th. Craig Hallum cut Attunity from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Zacks Investment Research raised Attunity from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Wednesday, November 7th. Finally, TheStreet raised Attunity from a “c” rating to a “b-” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.50.

Attunity stock opened at $20.17 on Monday. Attunity has a 12-month low of $6.62 and a 12-month high of $27.32. The stock has a market capitalization of $431.29 million, a P/E ratio of 63.03 and a beta of 1.99.

A number of large investors have recently made changes to their positions in ATTU. First Manhattan Co. bought a new stake in Attunity during the 3rd quarter worth about $113,000. Wells Fargo & Company MN bought a new stake in Attunity during the 3rd quarter worth about $120,000. Cambridge Investment Research Advisors Inc. bought a new stake in Attunity during the 3rd quarter worth about $209,000. Blair William & Co. IL raised its holdings in Attunity by 27.2% during the 3rd quarter. Blair William & Co. IL now owns 15,900 shares of the technology company’s stock worth $300,000 after purchasing an additional 3,400 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in Attunity by 98.3% during the 3rd quarter. FNY Investment Advisers LLC now owns 27,770 shares of the technology company’s stock worth $524,000 after purchasing an additional 13,765 shares during the last quarter. 48.98% of the stock is owned by hedge funds and other institutional investors.

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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