Lake Street Capital Analysts Lower Earnings Estimates for Clean Diesel Technologies Inc. (CDTI)
Clean Diesel Technologies Inc. (NASDAQ:CDTI) – Lake Street Capital lowered their FY2016 earnings per share (EPS) estimates for shares of Clean Diesel Technologies in a research note issued on Tuesday. Lake Street Capital analyst R. Brown now expects that the brokerage will post earnings per share of ($2.47) for the year, down from their previous forecast of ($0.65). Lake Street Capital currently has a “Buy” rating and a $6.00 target price on the stock. Lake Street Capital also issued estimates for Clean Diesel Technologies’ Q4 2016 earnings at ($0.07) EPS, Q3 2017 earnings at ($0.08) EPS, Q4 2017 earnings at ($0.06) EPS, FY2017 earnings at ($0.13) EPS, Q3 2018 earnings at $0.02 EPS, FY2018 earnings at $0.07 EPS, FY2019 earnings at $0.29 EPS and FY2020 earnings at $0.48 EPS.
Clean Diesel Technologies (NASDAQ:CDTI) last posted its earnings results on Monday, November 14th. The company reported ($2.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $2.30. Clean Diesel Technologies had a negative return on equity of 370.28% and a negative net margin of 44.30%. During the same quarter last year, the business posted ($0.65) earnings per share.
Separately, Roth Capital restated a “neutral” rating and issued a $4.00 price objective (up previously from $2.00) on shares of Clean Diesel Technologies in a research report on Thursday, August 25th.
Shares of Clean Diesel Technologies (NASDAQ:CDTI) opened at 2.23 on Thursday. The company has a 50 day moving average of $3.01 and a 200-day moving average of $2.85. Clean Diesel Technologies has a 12-month low of $1.50 and a 12-month high of $7.40. The firm’s market cap is $8.78 million.
An institutional investor recently bought a new position in Clean Diesel Technologies stock. KCG Holdings Inc. acquired a new position in shares of Clean Diesel Technologies Inc. (NASDAQ:CDTI) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 28,954 shares of the company’s stock, valued at approximately $105,000. KCG Holdings Inc. owned 0.74% of Clean Diesel Technologies as of its most recent filing with the SEC. Institutional investors and hedge funds own 10.24% of the company’s stock.
Clean Diesel Technologies Company Profile
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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