Brokers Set Expectations for ARC Group Worldwide Inc.’s Q2 2017 Earnings (ARCW)
ARC Group Worldwide Inc. (NASDAQ:ARCW) – Investment analysts at Imperial Capital cut their Q2 2017 EPS estimates for shares of ARC Group Worldwide in a report issued on Tuesday. Imperial Capital analyst S. Khan now anticipates that the brokerage will post earnings of ($0.03) per share for the quarter, down from their previous estimate of ($0.01). Imperial Capital has a “In-Line” rating and a $4.50 price target on the stock. Imperial Capital also issued estimates for ARC Group Worldwide’s Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.01) EPS, Q1 2018 earnings at $0.00 EPS and FY2018 earnings at $0.03 EPS.
Several other research analysts have also commented on the stock. Brean Capital reaffirmed a “buy” rating and set a $7.00 price objective on shares of ARC Group Worldwide in a research note on Monday, September 12th. Zacks Investment Research lowered shares of ARC Group Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, October 14th.
ARC Group Worldwide (NASDAQ:ARCW) opened at 4.20 on Thursday. The firm has a 50-day moving average of $3.95 and a 200-day moving average of $2.87. ARC Group Worldwide has a 1-year low of $1.05 and a 1-year high of $4.88. The stock’s market cap is $78.94 million.
ARC Group Worldwide (NASDAQ:ARCW) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. ARC Group Worldwide had a net margin of 1.64% and a negative return on equity of 1.55%. The business earned $26.80 million during the quarter, compared to analysts’ expectations of $28.70 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year.
An institutional investor recently raised its position in ARC Group Worldwide stock. Coe Capital Management LLC boosted its stake in shares of ARC Group Worldwide Inc. (NASDAQ:ARCW) by 25.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,521 shares of the company’s stock after buying an additional 19,197 shares during the period. Coe Capital Management LLC owned about 0.50% of ARC Group Worldwide worth $215,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 10.79% of the company’s stock.
ARC Group Worldwide Company Profile
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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