Q3 2017 EPS Estimates for Capstone Turbine Corp. (CPST) Reduced by Analyst
Capstone Turbine Corp. (NASDAQ:CPST) – Craig Hallum lowered their Q3 2017 earnings estimates for shares of Capstone Turbine Corp. in a note issued to investors on Thursday. Craig Hallum analyst E. Stine now anticipates that the firm will post earnings per share of ($0.15) for the quarter, down from their previous estimate of ($0.09). Craig Hallum 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 ($0.33) EPS.
A number of other equities analysts have also issued reports on CPST. Roth Capital set a $1.40 target price on Capstone Turbine Corp. and gave the stock a “hold” rating in a research note on Saturday, August 6th. Zacks Investment Research upgraded Capstone Turbine Corp. from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research note on Wednesday, October 19th.
Capstone Turbine Corp. (NASDAQ:CPST) opened at 0.9149 on Monday. The company’s market cap is $28.07 million. The stock has a 50 day moving average price of $1.12 and a 200-day moving average price of $1.38. Capstone Turbine Corp. has a 1-year low of $0.75 and a 1-year high of $2.70.
Capstone Turbine Corp. (NASDAQ:CPST) last released its quarterly earnings data on Wednesday, November 9th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.01. The business earned $15 million during the quarter, compared to the consensus estimate of $15.90 million. Capstone Turbine Corp. had a negative return on equity of 79.04% and a negative net margin of 29.19%. The business’s revenue was down 16.2% on a year-over-year basis. During the same period last year, the company earned ($0.02) EPS.
Institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its position in Capstone Turbine Corp. by 14.3% in the second quarter. Wedbush Securities Inc. now owns 94,138 shares of the company’s stock worth $130,000 after buying an additional 11,800 shares during the last quarter. Ancora Advisors LLC bought a new position in Capstone Turbine Corp. during the second quarter worth $193,000. Ardsley Advisory Partners bought a new position in Capstone Turbine Corp. during the third quarter worth $192,000. Springhouse Capital Management LP bought a new position in Capstone Turbine Corp. during the third quarter worth $460,000. Finally, BlackRock Institutional Trust Company N.A. raised its position 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 worth $513,000 after buying an additional 19,546 shares during the last quarter. Institutional investors and hedge funds own 11.80% 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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