Wall Street brokerages predict that EMCORE Corporation (NASDAQ:EMKR) will announce $0.14 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for EMCORE Corporation’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.14. EMCORE Corporation posted earnings per share of $0.10 during the same quarter last year, which suggests a positive year-over-year growth rate of 40%. The company is scheduled to report its next quarterly earnings report on Wednesday, December 6th.

On average, analysts expect that EMCORE Corporation will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.53. For the next year, analysts expect that the business will report earnings of $0.63 per share, with EPS estimates ranging from $0.54 to $0.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover EMCORE Corporation.

EMCORE Corporation (NASDAQ:EMKR) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. EMCORE Corporation had a return on equity of 9.25% and a net margin of 6.73%. The firm had revenue of $30.95 million for the quarter, compared to the consensus estimate of $30.04 million. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year.

EMKR has been the topic of a number of recent research reports. Zacks Investment Research downgraded EMCORE Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Northland Securities restated a “buy” rating and issued a $13.00 target price on shares of EMCORE Corporation in a research note on Tuesday, September 12th. BidaskClub downgraded EMCORE Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, B. Riley downgraded EMCORE Corporation from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. EMCORE Corporation currently has a consensus rating of “Hold” and an average price target of $11.88.

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A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in EMCORE Corporation by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,165,933 shares of the semiconductor company’s stock worth $12,417,000 after purchasing an additional 58,486 shares in the last quarter. Royce & Associates LP boosted its position in EMCORE Corporation by 5.0% during the second quarter. Royce & Associates LP now owns 1,133,251 shares of the semiconductor company’s stock worth $12,069,000 after purchasing an additional 53,453 shares in the last quarter. RK Capital Management LLC boosted its position in EMCORE Corporation by 40.1% during the second quarter. RK Capital Management LLC now owns 1,037,938 shares of the semiconductor company’s stock worth $11,054,000 after purchasing an additional 296,840 shares in the last quarter. Argent Capital Management LLC boosted its position in EMCORE Corporation by 25.7% during the second quarter. Argent Capital Management LLC now owns 454,750 shares of the semiconductor company’s stock worth $4,843,000 after purchasing an additional 93,100 shares in the last quarter. Finally, State Street Corp boosted its position in EMCORE Corporation by 14.0% during the second quarter. State Street Corp now owns 435,683 shares of the semiconductor company’s stock worth $4,640,000 after purchasing an additional 53,356 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

EMCORE Corporation (NASDAQ EMKR) traded down 1.18% on Friday, hitting $8.40. The stock had a trading volume of 272,429 shares. The company has a 50 day moving average price of $8.66 and a 200-day moving average price of $9.71. EMCORE Corporation has a 52-week low of $5.65 and a 52-week high of $12.20. The company has a market cap of $225.78 million, a price-to-earnings ratio of 29.27 and a beta of 0.61.

About EMCORE Corporation

EMCORE Corporation is engaged in designing and manufacturing indium phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The Company focuses on linear fiber optic transmission technology. The Company operates through Fiber Optics segment.

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Earnings History and Estimates for EMCORE Corporation (NASDAQ:EMKR)

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