Clean Diesel Technologies Inc. (CDTI) to Post FY2016 Earnings of ($2.97) Per Share, Roth Capital Forecasts
Clean Diesel Technologies Inc. (NASDAQ:CDTI) – Roth Capital reduced their FY2016 EPS estimates for shares of Clean Diesel Technologies in a note issued to investors on Thursday. Roth Capital analyst M. Koranda now expects that the brokerage will earn ($2.97) per share for the year, down from their prior estimate of ($0.66). Roth Capital currently has a “Neutral” rating and a $4.00 target price on the stock. Roth Capital also issued estimates for Clean Diesel Technologies’ Q4 2016 earnings at ($0.11) EPS, Q1 2017 earnings at ($0.04) EPS, Q2 2017 earnings at ($0.04) EPS, Q3 2017 earnings at ($0.10) EPS, Q4 2017 earnings at ($0.09) EPS and FY2018 earnings at ($0.23) EPS.
Clean Diesel Technologies (NASDAQ:CDTI) last announced its quarterly earnings data on Monday, November 14th. The company reported ($2.45) EPS for the quarter, missing the 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 in the prior year, the business posted ($0.65) earnings per share.
Separately, Lake Street Capital reduced their target price on shares of Clean Diesel Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, November 15th.
Shares of Clean Diesel Technologies (NASDAQ:CDTI) opened at 2.23 on Monday. Clean Diesel Technologies has a 12 month low of $1.50 and a 12 month high of $8.20. The company’s market cap is $8.78 million. The firm has a 50-day moving average of $3.01 and a 200 day moving average of $2.85.
An institutional investor recently bought a new position in Clean Diesel Technologies stock. KCG Holdings Inc. acquired a new stake in shares of Clean Diesel Technologies Inc. (NASDAQ:CDTI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. Institutional investors 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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