Brokerages expect American Superconductor Co. (NASDAQ:AMSC) to post ($0.22) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for American Superconductor’s earnings, with the lowest EPS estimate coming in at ($0.27) and the highest estimate coming in at ($0.16). American Superconductor reported earnings of ($0.13) per share during the same quarter last year, which indicates a negative year over year growth rate of 69.2%. The company is expected to issue its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that American Superconductor will report full-year earnings of ($0.92) per share for the current year. For the next year, analysts expect that the company will report earnings of ($0.17) per share, with EPS estimates ranging from ($0.67) to $0.34. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for American Superconductor.
American Superconductor (NASDAQ:AMSC) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.30) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.04. American Superconductor had a negative return on equity of 22.58% and a net margin of 47.61%. The business had revenue of $13.77 million during the quarter, compared to the consensus estimate of $10.95 million. During the same period in the previous year, the business earned ($0.18) EPS.
AMSC has been the subject of several research reports. BidaskClub downgraded American Superconductor from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Zacks Investment Research downgraded American Superconductor from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, ValuEngine downgraded American Superconductor from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.20.
Shares of American Superconductor stock traded up $1.00 on Friday, hitting $8.58. The stock had a trading volume of 203,673 shares, compared to its average volume of 179,891. American Superconductor has a 52-week low of $5.52 and a 52-week high of $16.44. The firm has a market cap of $174.20 million, a PE ratio of -10.85 and a beta of 1.01. The business has a 50 day moving average price of $8.96.
Institutional investors and hedge funds have recently bought and sold shares of the business. Psagot Investment House Ltd. raised its stake in American Superconductor by 413.6% during the 1st quarter. Psagot Investment House Ltd. now owns 2,008 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,617 shares during the last quarter. JPMorgan Chase & Co. raised its stake in American Superconductor by 1,087.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,769 shares of the technology company’s stock valued at $51,000 after acquiring an additional 5,283 shares during the last quarter. Alps Advisors Inc. purchased a new stake in American Superconductor during the 1st quarter valued at approximately $171,000. WINTON GROUP Ltd purchased a new stake in American Superconductor during the 2nd quarter valued at approximately $175,000. Finally, Raymond James & Associates raised its stake in American Superconductor by 28.7% during the 4th quarter. Raymond James & Associates now owns 19,333 shares of the technology company’s stock valued at $216,000 after acquiring an additional 4,311 shares during the last quarter. 42.56% of the stock is owned by hedge funds and other institutional investors.
About American Superconductor
American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.
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