A2Z Cust2Mate Solutions (AZ) Projected to Post Earnings on Friday

A2Z Cust2Mate Solutions (NASDAQ:AZ) is anticipated to release its results before the market opens on Friday, May 15th. Analysts expect A2Z Cust2Mate Solutions to post earnings of ($0.08) per share and revenue of $4.1110 million for the quarter.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last issued its quarterly earnings data on Wednesday, April 1st. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.32). The company had revenue of $3.65 million during the quarter, compared to analysts’ expectations of $4.63 million. A2Z Cust2Mate Solutions had a negative net margin of 466.81% and a negative return on equity of 71.13%. On average, analysts expect A2Z Cust2Mate Solutions to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

A2Z Cust2Mate Solutions Trading Down 7.3%

Shares of AZ opened at $6.85 on Wednesday. The firm has a market cap of $305.13 million, a P/E ratio of -6.65 and a beta of 1.16. A2Z Cust2Mate Solutions has a 12-month low of $5.00 and a 12-month high of $12.36. The company’s 50-day moving average price is $6.86 and its 200 day moving average price is $6.58.

A2Z Cust2Mate Solutions announced that its Board of Directors has initiated a stock repurchase plan on Friday, March 27th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, April 20th. Northland Securities assumed coverage on A2Z Cust2Mate Solutions in a research report on Friday, March 27th. They issued an “outperform” rating and a $15.00 target price for the company. Wall Street Zen raised A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Zacks Research raised A2Z Cust2Mate Solutions to a “hold” rating in a research report on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Hedge Funds Weigh In On A2Z Cust2Mate Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AZ. Osaic Holdings Inc. acquired a new position in A2Z Cust2Mate Solutions in the second quarter valued at approximately $146,000. NewEdge Advisors LLC acquired a new position in A2Z Cust2Mate Solutions in the second quarter valued at approximately $148,000. Squarepoint Ops LLC acquired a new position in A2Z Cust2Mate Solutions in the fourth quarter valued at approximately $178,000. Kestra Advisory Services LLC acquired a new position in A2Z Cust2Mate Solutions in the fourth quarter valued at approximately $206,000. Finally, Geode Capital Management LLC boosted its holdings in A2Z Cust2Mate Solutions by 113.3% in the second quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock valued at $226,000 after purchasing an additional 11,342 shares in the last quarter. 12.64% of the stock is owned by institutional investors and hedge funds.

A2Z Cust2Mate Solutions Company Profile

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.