Oppenheimer Holdings Equities Analysts Reduce Earnings Estimates for Capstone Turbine Corp. (CPST)
Capstone Turbine Corp. (NASDAQ:CPST) – Analysts at Oppenheimer Holdings lowered their Q3 2017 EPS estimates for Capstone Turbine Corp. in a note issued to investors on Thursday. Oppenheimer Holdings analyst C. Rusch now anticipates that the brokerage will earn ($0.14) per share for the quarter, down from their prior estimate of ($0.11). Oppenheimer Holdings also issued estimates for Capstone Turbine Corp.’s Q4 2017 earnings at ($0.12) EPS, FY2017 earnings at ($0.61) EPS and FY2018 earnings at ($0.27) EPS.
A number of other equities analysts have also recently weighed in on the stock. Roth Capital set a $1.00 price objective on shares of Capstone Turbine Corp. and gave the stock a “hold” rating in a research report on Thursday, October 27th. Zacks Investment Research cut shares of Capstone Turbine Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th.
Capstone Turbine Corp. (NASDAQ:CPST) opened at 0.91 on Monday. Capstone Turbine Corp. has a 1-year low of $0.75 and a 1-year high of $2.70. The company’s 50 day moving average is $1.15 and its 200-day moving average is $1.40. The stock’s market capitalization is $27.92 million.
Capstone Turbine Corp. (NASDAQ:CPST) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.01. Capstone Turbine Corp. had a negative return on equity of 79.04% and a negative net margin of 29.19%. The firm had revenue of $15 million for the quarter, compared to analysts’ expectations of $15.90 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. Capstone Turbine Corp.’s revenue for the quarter was down 16.2% on a year-over-year basis.
Large investors have recently modified their holdings of the stock. Sabby Management LLC acquired a new stake in shares of Capstone Turbine Corp. during the second quarter worth approximately $1,845,000. Springhouse Capital Management LP acquired a new stake in shares of Capstone Turbine Corp. during the third quarter worth approximately $460,000. Vanguard Group Inc. boosted its stake in shares of Capstone Turbine Corp. by 34.8% in the second quarter. Vanguard Group Inc. now owns 774,360 shares of the company’s stock worth $1,068,000 after buying an additional 199,745 shares during the period. Ancora Advisors LLC acquired a new stake in shares of Capstone Turbine Corp. during the second quarter worth approximately $193,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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 worth $513,000 after buying an additional 19,546 shares during the period. Institutional investors and hedge funds own 11.80% of the company’s stock.
About Capstone Turbine Corp.
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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