Wall Street brokerages expect that Kornit Digital Ltd. (NASDAQ:KRNT) will report $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kornit Digital’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.08. Kornit Digital reported earnings per share of $0.16 in the same quarter last year, which would indicate a negative year-over-year growth rate of 56.3%. The business is scheduled to announce its next earnings results on Tuesday, February 13th.

On average, analysts expect that Kornit Digital will report full-year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.21. For the next financial year, analysts anticipate that the business will post earnings of $0.53 per share, with EPS estimates ranging from $0.48 to $0.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Kornit Digital.

Kornit Digital (NASDAQ:KRNT) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Kornit Digital had a positive return on equity of 7.05% and a negative net margin of 0.29%. The business had revenue of $28.59 million during the quarter, compared to analysts’ expectations of $29.81 million. During the same period in the previous year, the business earned $0.02 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis.

Several equities research analysts have issued reports on the company. Craig Hallum dropped their price target on Kornit Digital from $20.00 to $26.00 in a research note on Thursday, September 28th. Needham & Company LLC dropped their price target on Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, September 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price target (down previously from $24.00) on shares of Kornit Digital in a research note on Wednesday, September 27th. Stifel Nicolaus dropped their price target on Kornit Digital from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, September 27th. Finally, BidaskClub lowered Kornit Digital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Kornit Digital has an average rating of “Hold” and a consensus target price of $18.67.

Kornit Digital (NASDAQ:KRNT) traded up $1.10 during trading on Friday, reaching $16.25. The company had a trading volume of 461,966 shares, compared to its average volume of 428,534. Kornit Digital has a twelve month low of $9.90 and a twelve month high of $23.15. The stock has a market capitalization of $509.37 and a PE ratio of 57.04.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. lifted its stake in shares of Kornit Digital by 28.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 572,592 shares of the industrial products company’s stock valued at $8,761,000 after acquiring an additional 127,962 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Kornit Digital by 13.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,435,057 shares of the industrial products company’s stock valued at $21,956,000 after acquiring an additional 166,045 shares during the last quarter. Cortina Asset Management LLC lifted its stake in shares of Kornit Digital by 50.5% in the 3rd quarter. Cortina Asset Management LLC now owns 408,551 shares of the industrial products company’s stock valued at $6,251,000 after acquiring an additional 137,110 shares during the last quarter. Quantum Capital Management bought a new stake in shares of Kornit Digital in the 3rd quarter valued at about $933,000. Finally, Hood River Capital Management LLC bought a new stake in shares of Kornit Digital in the 3rd quarter valued at about $246,000. 77.62% of the stock is owned by institutional investors.

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About Kornit Digital

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

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