Q2 2017 EPS Estimates for Capstone Turbine Corp. (CPST) Decreased by Oppenheimer Holdings
Capstone Turbine Corp. (NASDAQ:CPST) – Analysts at Oppenheimer Holdings lowered their Q2 2017 earnings per share (EPS) estimates for shares of Capstone Turbine Corp. in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst C. Rusch now expects that the firm will post earnings per share of ($0.17) for the quarter, down from their previous forecast of ($0.15). Oppenheimer Holdings also issued estimates for Capstone Turbine Corp.’s Q3 2017 earnings at ($0.11) EPS, Q4 2017 earnings at ($0.07) EPS, FY2017 earnings at ($0.50) EPS and FY2018 earnings at ($0.29) EPS.
A number of other equities analysts have also commented on the company. Roth Capital set a $1.00 price objective on Capstone Turbine Corp. and gave the stock a “hold” rating in a research note on Thursday, October 27th. Zacks Investment Research lowered Capstone Turbine Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th.
Shares of Capstone Turbine Corp. (NASDAQ:CPST) opened at 0.91 on Friday. Capstone Turbine Corp. has a 12-month low of $0.75 and a 12-month high of $2.70. The company’s market cap is $27.92 million. The company has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.40.
Capstone Turbine Corp. (NASDAQ:CPST) last released its quarterly earnings data on Wednesday, November 9th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.01. The company earned $15 million during the quarter, compared to the consensus estimate of $15.90 million. Capstone Turbine Corp. had a negative net margin of 29.19% and a negative return on equity of 79.04%. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) EPS.
Several institutional investors have recently modified their holdings of the stock. Sabby Management LLC acquired a new position in shares of Capstone Turbine Corp. during the second quarter valued at about $1,845,000. Springhouse Capital Management LP purchased a new stake in Capstone Turbine Corp. during the third quarter valued at $460,000. Vanguard Group Inc. increased its stake in Capstone Turbine Corp. by 34.8% in the second quarter. Vanguard Group Inc. now owns 774,360 shares of the company’s stock valued at $1,068,000 after buying an additional 199,745 shares during the period. Ancora Advisors LLC purchased a new stake in Capstone Turbine Corp. during the second quarter valued at $193,000. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Capstone Turbine Corp. by 5.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 374,348 shares of the company’s stock valued at $513,000 after buying an additional 19,546 shares during the period. Institutional investors own 11.55% of the company’s stock.
Capstone Turbine Corp. Company Profile
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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