Zacks: Brokerages Expect Ambarella, Inc. (AMBA) to Announce $0.10 Earnings Per Share
Analysts forecast that Ambarella, Inc. (NASDAQ:AMBA) will post $0.10 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Ambarella’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.13. Ambarella posted earnings per share of $0.25 during the same quarter last year, which indicates a negative year over year growth rate of 60%. The firm is expected to report its next earnings results on Thursday, September 7th.
According to Zacks, analysts expect that Ambarella will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.57 to $0.80. For the next fiscal year, analysts forecast that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.38 to $1.03. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Ambarella.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Tuesday, June 6th. The semiconductor company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. Ambarella had a return on equity of 13.70% and a net margin of 18.47%. The company had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $63.54 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year.
A number of analysts have recently issued reports on AMBA shares. Vetr lowered Ambarella from a “strong-buy” rating to a “buy” rating and set a $62.50 target price for the company. in a report on Monday, May 1st. Canaccord Genuity restated a “buy” rating and issued a $72.00 target price on shares of Ambarella in a report on Thursday, March 16th. Dougherty & Co restated a “buy” rating and issued a $75.00 target price on shares of Ambarella in a report on Thursday, March 16th. Stifel Nicolaus restated a “buy” rating and issued a $64.00 target price (down previously from $65.00) on shares of Ambarella in a report on Wednesday, June 7th. Finally, TheStreet lowered Ambarella from a “b” rating to a “c+” rating in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.88.
Ambarella (NASDAQ AMBA) traded down 0.31% during trading on Friday, hitting $51.60. The stock had a trading volume of 672,837 shares. The stock has a market cap of $1.73 billion, a PE ratio of 30.50 and a beta of 1.62. Ambarella has a 1-year low of $46.80 and a 1-year high of $74.95. The firm’s 50-day moving average price is $55.93 and its 200-day moving average price is $54.69.
In related news, VP Christopher Day sold 1,526 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $48.77, for a total transaction of $74,423.02. Following the completion of the sale, the vice president now directly owns 22,892 shares in the company, valued at $1,116,442.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Feng-Ming Wang sold 11,628 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $48.77, for a total value of $567,097.56. Following the sale, the chief executive officer now owns 290,691 shares of the company’s stock, valued at $14,177,000.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,963 shares of company stock valued at $1,168,676. 5.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of AMBA. Vanguard Group Inc. raised its position in Ambarella by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,084,839 shares of the semiconductor company’s stock valued at $114,061,000 after buying an additional 104,382 shares during the period. Van Berkom & Associates Inc. raised its position in Ambarella by 9.7% in the first quarter. Van Berkom & Associates Inc. now owns 1,006,743 shares of the semiconductor company’s stock valued at $55,079,000 after buying an additional 89,040 shares during the period. Eagle Asset Management Inc. raised its position in Ambarella by 3.4% in the first quarter. Eagle Asset Management Inc. now owns 846,157 shares of the semiconductor company’s stock valued at $46,293,000 after buying an additional 28,114 shares during the period. Pinnacle Associates Ltd. raised its position in Ambarella by 44.9% in the first quarter. Pinnacle Associates Ltd. now owns 679,192 shares of the semiconductor company’s stock valued at $37,159,000 after buying an additional 210,558 shares during the period. Finally, State Street Corp raised its position in Ambarella by 3.5% in the first quarter. State Street Corp now owns 561,807 shares of the semiconductor company’s stock valued at $30,731,000 after buying an additional 18,892 shares during the period. Institutional investors own 55.62% of the company’s stock.
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Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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