Analysts predict that CyberOptics Co. (NASDAQ:CYBE) will announce earnings per share (EPS) of $0.10 for the current quarter, Zacks reports. Zero analysts have made estimates for CyberOptics’ earnings. CyberOptics reported earnings of ($0.01) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1,100%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that CyberOptics will report full-year earnings of $0.31 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $0.70 per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow CyberOptics.
CyberOptics (NASDAQ:CYBE) last released its quarterly earnings results on Wednesday, July 25th. The scientific and technical instruments company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. CyberOptics had a net margin of 1.82% and a return on equity of 1.11%. The business had revenue of $15.85 million for the quarter.
A number of equities analysts recently commented on CYBE shares. Lake Street Capital raised their price target on shares of CyberOptics from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Craig Hallum raised their price target on shares of CyberOptics from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Finally, ValuEngine raised shares of CyberOptics from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. CyberOptics presently has a consensus rating of “Buy” and an average target price of $22.33.
Hedge funds have recently added to or reduced their stakes in the business. Paloma Partners Management Co bought a new position in CyberOptics in the 2nd quarter valued at about $581,000. LMR Partners LLP bought a new position in CyberOptics in the 2nd quarter valued at about $367,000. Perkins Capital Management Inc. increased its holdings in CyberOptics by 103.9% in the 2nd quarter. Perkins Capital Management Inc. now owns 75,350 shares of the scientific and technical instruments company’s stock valued at $1,311,000 after buying an additional 38,400 shares during the period. Essex Investment Management Co. LLC increased its holdings in CyberOptics by 16.2% in the 2nd quarter. Essex Investment Management Co. LLC now owns 106,652 shares of the scientific and technical instruments company’s stock valued at $1,856,000 after buying an additional 14,860 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in CyberOptics by 347.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,017 shares of the scientific and technical instruments company’s stock valued at $109,000 after buying an additional 4,671 shares during the period. 60.99% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CYBE opened at $20.55 on Thursday. CyberOptics has a 52 week low of $11.35 and a 52 week high of $22.30. The stock has a market cap of $152.80 million, a P/E ratio of 158.08, a price-to-earnings-growth ratio of 5.83 and a beta of -0.32.
CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.
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