Equities analysts expect that American Superconductor Co. (NASDAQ:AMSC) will report earnings of ($0.35) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for American Superconductor’s earnings, with estimates ranging from ($0.37) to ($0.32). American Superconductor reported earnings per share of ($0.21) during the same quarter last year, which indicates a negative year-over-year growth rate of 66.7%. The business is scheduled to announce its next earnings results on Monday, February 5th.
According to Zacks, analysts expect that American Superconductor will report full year earnings of ($1.51) per share for the current year, with EPS estimates ranging from ($1.97) to ($0.65). For the next fiscal year, analysts forecast that the company will report earnings of ($0.64) per share, with EPS estimates ranging from ($0.84) to ($0.36). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American Superconductor.
American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.25. The business had revenue of $11.05 million during the quarter, compared to analyst estimates of $10.93 million. American Superconductor had a negative return on equity of 58.10% and a negative net margin of 50.90%. The firm’s revenue was down 40.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.60) EPS.
AMSC has been the subject of several research reports. Zacks Investment Research upgraded American Superconductor from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. FBR & Co reiterated a “hold” rating and set a $6.00 price target on shares of American Superconductor in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. American Superconductor currently has an average rating of “Buy” and a consensus price target of $6.82.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP lifted its holdings in American Superconductor by 114.3% in the 2nd quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock worth $1,706,000 after purchasing an additional 197,000 shares during the last quarter. Ardsley Advisory Partners lifted its holdings in American Superconductor by 413.3% in the 2nd quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock worth $6,436,000 after purchasing an additional 1,119,200 shares during the last quarter. AWM Investment Company Inc. lifted its holdings in American Superconductor by 22.7% in the 2nd quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock worth $7,018,000 after purchasing an additional 280,879 shares during the last quarter. Manatuck Hill Partners LLC acquired a new stake in American Superconductor in the 2nd quarter worth approximately $1,617,000. Finally, GMT Capital Corp acquired a new stake in American Superconductor in the 3rd quarter worth approximately $141,000. Hedge funds and other institutional investors own 28.51% of the company’s stock.
Shares of American Superconductor (NASDAQ:AMSC) traded up $0.28 during trading on Friday, hitting $4.50. The stock had a trading volume of 275,839 shares, compared to its average volume of 177,523. The firm has a market cap of $86.37, a price-to-earnings ratio of -2.26 and a beta of 0.90. American Superconductor has a fifty-two week low of $2.89 and a fifty-two week high of $7.82.
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American Superconductor Company Profile
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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