Power Solutions International Inc. (NASDAQ:PSIX) – Lake Street Capital dropped their FY2016 earnings per share estimates for Power Solutions International in a research report issued to clients and investors on Wednesday. Lake Street Capital analyst R. Brown now anticipates that the brokerage will post earnings of ($0.51) per share for the year, down from their previous estimate of ($0.18). Lake Street Capital has a “Hold” rating and a $16.00 price objective on the stock. Lake Street Capital also issued estimates for Power Solutions International’s Q4 2016 earnings at $0.30 EPS, Q1 2017 earnings at ($0.30) EPS, Q2 2017 earnings at ($0.14) EPS, FY2017 earnings at $0.12 EPS and FY2018 earnings at $0.37 EPS.

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Earnings History and Estimates for Power Solutions International (NASDAQ:PSIX)

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Power Solutions International from a “hold” rating to a “sell” rating in a research report on Tuesday. Wunderlich began coverage on shares of Power Solutions International in a research report on Thursday, August 25th. They issued a “buy” rating and a $50.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Power Solutions International has an average rating of “Buy” and a consensus target price of $22.48.

Shares of Power Solutions International (NASDAQ:PSIX) opened at 12.86 on Monday. Power Solutions International has a 1-year low of $7.63 and a 1-year high of $24.52. The company has a market capitalization of $139.90 million, a price-to-earnings ratio of 131.22 and a beta of 2.64. The company’s 50 day moving average price is $10.98 and its 200-day moving average price is $13.82.

ILLEGAL ACTIVITY WARNING: This report was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2016/11/30/power-solutions-international-inc-psix-to-post-fy2016-earnings-of-0-51-per-share-lake-street-capital-forecasts.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Power Solutions International by 6.4% in the first quarter. Wellington Management Group LLP now owns 1,240,860 shares of the company’s stock worth $17,124,000 after buying an additional 74,980 shares during the period. Royce & Associates LP raised its position in shares of Power Solutions International by 25.9% in the second quarter. Royce & Associates LP now owns 670,906 shares of the company’s stock worth $11,976,000 after buying an additional 138,196 shares during the period. Elk Creek Partners LLC raised its position in shares of Power Solutions International by 14.3% in the second quarter. Elk Creek Partners LLC now owns 544,000 shares of the company’s stock worth $5,681,000 after buying an additional 68,248 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Power Solutions International by 10.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 420,000 shares of the company’s stock worth $4,305,000 after buying an additional 40,000 shares during the period. Finally, Gagnon Securities LLC raised its position in shares of Power Solutions International by 4.5% in the second quarter. Gagnon Securities LLC now owns 357,433 shares of the company’s stock worth $6,380,000 after buying an additional 15,478 shares during the period. Institutional investors and hedge funds own 47.13% of the company’s stock.

About Power Solutions International

Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.

5 Day Chart for NASDAQ:PSIX

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