Brokers Set Expectations for Clean Diesel Technologies Inc.’s Q3 2016 Earnings (CDTI)
Clean Diesel Technologies Inc. (NASDAQ:CDTI) – Investment analysts at Roth Capital lifted their Q3 2016 EPS estimates for shares of Clean Diesel Technologies in a report issued on Wednesday. Roth Capital analyst M. Koranda now anticipates that the brokerage will post earnings of ($0.18) per share for the quarter, up from their previous estimate of ($0.30). Roth Capital has a “Neutral” rating and a $4.00 price target on the stock. Roth Capital also issued estimates for Clean Diesel Technologies’ Q4 2016 earnings at ($0.07) EPS, FY2016 earnings at ($0.66) EPS, Q1 2017 earnings at ($0.02) EPS, Q2 2017 earnings at ($0.02) EPS, Q3 2017 earnings at ($0.12) EPS, Q4 2017 earnings at ($0.12) EPS and FY2017 earnings at ($0.28) EPS.
Clean Diesel Technologies (NASDAQ:CDTI) opened at 3.61 on Friday. The firm’s market cap is $14.22 million. The company has a 50 day moving average price of $3.74 and a 200 day moving average price of $2.96. Clean Diesel Technologies has a 1-year low of $1.50 and a 1-year high of $9.50.
Clean Diesel Technologies (NASDAQ:CDTI) last released its quarterly earnings results on Monday, August 15th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.47) by $0.60. Clean Diesel Technologies had a negative return on equity of 1,407.64% and a negative net margin of 12.23%. The business had revenue of $8.40 million for the quarter, compared to analysts’ expectations of $9.19 million. During the same quarter in the previous year, the firm posted ($0.80) earnings per share.
About Clean Diesel Technologies
Clean Diesel Technologies, Inc commercializes its material technology by manufacturing and distributing light duty vehicle catalysts, and heavy duty diesel emissions control systems and products to automakers, distributors, integrators and retrofitters. The Company operates through two business division segments: Catalyst, which develops and produces catalysts to reduce emissions from gasoline, diesel and natural gas combustion engines, and Heavy Duty Diesel Systems, which designs and manufactures verified exhaust emissions control solutions for a range of heavy duty diesel applications.
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