Brokerages expect that Exa Corporation (NASDAQ:EXA) will report sales of $20.40 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Exa Corporation’s earnings, with the highest sales estimate coming in at $20.50 million and the lowest estimate coming in at $20.30 million. Exa Corporation reported sales of $19.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 29th.
On average, analysts expect that Exa Corporation will report full-year sales of $20.40 million for the current year, with estimates ranging from $76.60 million to $76.90 million. For the next fiscal year, analysts expect that the company will report sales of $83.95 million per share, with estimates ranging from $82.70 million to $85.21 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Exa Corporation.
Exa Corporation (NASDAQ:EXA) last posted its earnings results on Monday, August 28th. The technology company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $17.50 million for the quarter, compared to analyst estimates of $17.58 million. Exa Corporation had a negative net margin of 6.46% and a negative return on equity of 25.19%. Exa Corporation’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) EPS.
EXA has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Exa Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. TheStreet lowered shares of Exa Corporation from a “c-” rating to a “d” rating in a report on Monday, August 28th. Needham & Company LLC lowered shares of Exa Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 29th. BidaskClub upgraded shares of Exa Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, Stifel Nicolaus lowered shares of Exa Corporation from a “buy” rating to a “hold” rating and boosted their target price for the company from $17.00 to $24.25 in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Exa Corporation currently has an average rating of “Hold” and an average target price of $20.63.
Exa Corporation (EXA) remained flat at $$24.24 during trading hours on Friday. 20,600 shares of the stock were exchanged, compared to its average volume of 101,367. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.01. Exa Corporation has a 1 year low of $12.34 and a 1 year high of $24.42.
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In related news, major shareholder Soros Fund Management Llc purchased 53,502 shares of Exa Corporation stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of $15.49 per share, with a total value of $828,745.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 243,310 shares of company stock worth $3,628,183 over the last three months. Insiders own 11.53% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. increased its stake in Exa Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock worth $108,000 after buying an additional 556 shares during the period. Rhumbline Advisers increased its stake in Exa Corporation by 4.6% during the 2nd quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock worth $191,000 after buying an additional 605 shares during the period. Parametric Portfolio Associates LLC increased its stake in Exa Corporation by 1.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 72,592 shares of the technology company’s stock worth $1,002,000 after buying an additional 750 shares during the period. Bank of New York Mellon Corp increased its stake in Exa Corporation by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 43,454 shares of the technology company’s stock worth $552,000 after buying an additional 1,148 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Exa Corporation by 0.6% during the 1st quarter. Renaissance Technologies LLC now owns 241,800 shares of the technology company’s stock worth $3,071,000 after buying an additional 1,500 shares during the period. 78.27% of the stock is currently owned by hedge funds and other institutional investors.
About Exa Corporation
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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