-$0.12 Earnings Per Share Expected for Fusion Telecommunications International, Inc. (FSNN) This Quarter
Equities analysts forecast that Fusion Telecommunications International, Inc. (NASDAQ:FSNN) will report ($0.12) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Fusion Telecommunications International’s earnings, with estimates ranging from ($0.13) to ($0.11). Fusion Telecommunications International posted earnings per share of ($0.23) during the same quarter last year, which would indicate a positive year over year growth rate of 47.8%. The firm is expected to issue its next earnings results on Tuesday, November 21st.
According to Zacks, analysts expect that Fusion Telecommunications International will report full year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.56). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.44) per share, with EPS estimates ranging from ($0.51) to ($0.37). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Fusion Telecommunications International.
Fusion Telecommunications International (NASDAQ:FSNN) last issued its earnings results on Monday, August 14th. The Wireless communications provider reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. Fusion Telecommunications International had a negative return on equity of 202.95% and a negative net margin of 10.47%. The business had revenue of $38.09 million during the quarter, compared to analyst estimates of $32.47 million.
A number of equities analysts recently issued reports on FSNN shares. Zacks Investment Research raised shares of Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research note on Monday, September 4th. B. Riley reiterated a “buy” rating and set a $3.00 target price on shares of Fusion Telecommunications International in a report on Sunday, September 3rd. Craig Hallum reissued a “buy” rating and issued a $5.00 target price (up previously from $3.00) on shares of Fusion Telecommunications International in a research report on Wednesday, August 30th. Finally, ValuEngine lowered Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research report on Monday.
In related news, major shareholder Unterberg Capital Llc sold 477,948 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $3.26, for a total value of $1,558,110.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Asa Apptix sold 176,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $2.89, for a total transaction of $508,640.00. Following the completion of the transaction, the insider now owns 2,510,012 shares of the company’s stock, valued at $7,253,934.68. The disclosure for this sale can be found here. Insiders sold a total of 3,204,017 shares of company stock worth $8,786,629 in the last 90 days. 19.10% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Fusion Telecommunications International stock. United Capital Financial Advisers LLC grew its stake in Fusion Telecommunications International, Inc. (NASDAQ:FSNN) by 256.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,929 shares of the Wireless communications provider’s stock after buying an additional 97,083 shares during the quarter. United Capital Financial Advisers LLC owned approximately 0.65% of Fusion Telecommunications International worth $213,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.81% of the company’s stock.
Fusion Telecommunications International (NASDAQ:FSNN) traded up 0.38% during midday trading on Friday, hitting $2.61. The stock had a trading volume of 285,898 shares. Fusion Telecommunications International has a 12 month low of $0.96 and a 12 month high of $3.57. The company’s market cap is $58.74 million. The firm’s 50-day moving average price is $2.35 and its 200 day moving average price is $1.69.
Fusion Telecommunications International Company Profile
Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.
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