-$0.02 EPS Expected for ARC Group Worldwide, Inc. (ARCW) This Quarter
Wall Street brokerages forecast that ARC Group Worldwide, Inc. (NASDAQ:ARCW) will announce earnings per share (EPS) of ($0.02) for the current quarter, Zacks reports. Zero analysts have made estimates for ARC Group Worldwide’s earnings. ARC Group Worldwide reported earnings of ($0.03) per share during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is expected to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that ARC Group Worldwide will report full-year earnings of ($0.07) per share for the current year. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow ARC Group Worldwide.
ARC Group Worldwide (NASDAQ:ARCW) last posted its earnings results on Monday, November 13th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.12). ARC Group Worldwide had a negative net margin of 18.10% and a negative return on equity of 16.35%. The company had revenue of $19.95 million during the quarter.
Separately, Zacks Investment Research lowered ARC Group Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th.
In other ARC Group Worldwide news, Director Jason Taney Young sold 40,289 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $2.35, for a total transaction of $94,679.15. Following the transaction, the director now owns 490,006 shares of the company’s stock, valued at approximately $1,151,514.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.59% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of ARC Group Worldwide by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 181,320 shares of the technology company’s stock worth $762,000 after buying an additional 9,506 shares during the period. Northern Right Capital Management L.P. raised its position in shares of ARC Group Worldwide by 38.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 1,052,058 shares of the technology company’s stock worth $2,966,000 after buying an additional 290,010 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of ARC Group Worldwide by 7.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,695,576 shares of the technology company’s stock worth $4,917,000 after buying an additional 111,154 shares during the period. 17.18% of the stock is currently owned by institutional investors and hedge funds.
ARC Group Worldwide (NASDAQ ARCW) traded down $0.36 during mid-day trading on Wednesday, reaching $2.07. The company had a trading volume of 11,600 shares, compared to its average volume of 16,458. ARC Group Worldwide has a 12-month low of $2.00 and a 12-month high of $5.95. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.88 and a current ratio of 1.69.
ARC Group Worldwide Company Profile
ARC Group Worldwide, Inc is a manufacturing company. The Company has two segments: Precision Components Group, 3DMT Group. It provides a set of manufacturing solutions, from design and prototyping through production. Through the Company’s product offering, it provides its customers with a prototyping and production solution for both precision metal and plastic fabrication.
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