ARC Group Worldwide Inc. Forecasted to Post Q1 2017 Earnings of ($0.01) Per Share (ARCW)
ARC Group Worldwide Inc. (NASDAQ:ARCW) – Research analysts at Imperial Capital issued their Q1 2017 EPS estimates for shares of ARC Group Worldwide in a report released on Tuesday. Imperial Capital analyst S. Khan expects that the firm will post earnings of ($0.01) per share for the quarter. Imperial Capital has a “In-Line” rating and a $4.00 price objective on the stock. Imperial Capital also issued estimates for ARC Group Worldwide’s Q2 2017 earnings at ($0.01) EPS, Q3 2017 earnings at ($0.01) EPS, Q4 2017 earnings at $0.00 EPS, FY2017 earnings at ($0.03) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at $0.04 EPS.
ARC Group Worldwide (NASDAQ:ARCW) last posted its earnings results on Friday, September 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.04. ARC Group Worldwide had a negative net margin of 2.23% and a negative return on equity of 4.41%. The firm earned $27.80 million during the quarter. During the same quarter in the previous year, the firm earned ($0.04) EPS. The company’s revenue was down 3.5% compared to the same quarter last year.
Separately, Brean Capital restated a “buy” rating and set a $7.00 price objective on shares of ARC Group Worldwide in a report on Monday, September 12th.
ARC Group Worldwide (NASDAQ:ARCW) opened at 3.57 on Thursday. The firm’s market capitalization is $67.10 million. The company has a 50-day moving average of $2.83 and a 200-day moving average of $2.49. ARC Group Worldwide has a 1-year low of $1.05 and a 1-year high of $3.83.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its position in ARC Group Worldwide by 17.0% in the second quarter. First Eagle Investment Management LLC now owns 1,340,736 shares of the company’s stock valued at $3,057,000 after buying an additional 195,160 shares during the period. Coe Capital Management LLC boosted its position in ARC Group Worldwide by 25.8% in the second quarter. Coe Capital Management LLC now owns 93,521 shares of the company’s stock valued at $215,000 after buying an additional 19,197 shares during the period. Finally, Renaissance Technologies LLC boosted its position in ARC Group Worldwide by 34.1% in the first quarter. Renaissance Technologies LLC now owns 80,600 shares of the company’s stock valued at $202,000 after buying an additional 20,500 shares during the period. Institutional investors own 9.93% of the company’s stock.
About ARC Group Worldwide
ARC Group Worldwide, Inc is a manufacturing company. The Company operates through four segments: Precision Components Group, 3DMT Group, Flanges and Fittings Group, and Wireless Group. The Precision Components Group companies provide fabricated metal components using processes consisting of metal injection molding, precision metal stamping and hermetic sealing.
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