$264.91 Million in Sales Expected for Electronics for Imaging, Inc. (EFII) This Quarter
Equities research analysts predict that Electronics for Imaging, Inc. (NASDAQ:EFII) will post $264.91 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Electronics for Imaging’s earnings, with estimates ranging from $264.63 million to $265.10 million. Electronics for Imaging posted sales of $266.71 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.7%. The business is expected to issue its next earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that Electronics for Imaging will report full-year sales of $264.91 million for the current financial year, with estimates ranging from $987.00 million to $989.20 million. For the next fiscal year, analysts expect that the business will post sales of $1.04 billion per share, with estimates ranging from $1.00 billion to $1.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Electronics for Imaging.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.10). The company had revenue of $248.36 million during the quarter, compared to analysts’ expectations of $258.09 million. Electronics for Imaging had a return on equity of 3.67% and a net margin of 3.09%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS.
Several research firms recently commented on EFII. TheStreet lowered Electronics for Imaging from a “b-” rating to a “c” rating in a research report on Friday, August 4th. Cross Research lowered Electronics for Imaging from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research report on Friday, August 4th. ValuEngine lowered Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Needham & Company LLC lifted their price target on Electronics for Imaging from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Finally, Sidoti lowered Electronics for Imaging from a “buy” rating to a “neutral” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Electronics for Imaging has an average rating of “Hold” and an average price target of $44.22.
In other news, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $42.76, for a total transaction of $384,840.00. Following the completion of the sale, the chief executive officer now owns 364,885 shares of the company’s stock, valued at $15,602,482.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dan Maydan sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $30.87, for a total transaction of $200,655.00. Following the completion of the transaction, the director now directly owns 33,310 shares of the company’s stock, valued at approximately $1,028,279.70. The disclosure for this sale can be found here. Insiders have sold 33,500 shares of company stock valued at $1,220,175 in the last ninety days. Insiders own 1.88% of the company’s stock.
A number of large investors have recently modified their holdings of EFII. SG Americas Securities LLC bought a new position in Electronics for Imaging in the second quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Electronics for Imaging by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock worth $119,000 after buying an additional 217 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Electronics for Imaging in the third quarter worth approximately $213,000. TrimTabs Asset Management LLC bought a new position in Electronics for Imaging in the second quarter worth approximately $216,000. Finally, Shelton Capital Management acquired a new position in shares of Electronics for Imaging during the second quarter worth $219,000.
Electronics for Imaging (NASDAQ EFII) traded up $0.83 on Tuesday, reaching $28.83. The company had a trading volume of 1,030,055 shares, compared to its average volume of 684,772. The stock has a market capitalization of $1,287.46, a price-to-earnings ratio of 42.71 and a beta of 1.26. Electronics for Imaging has a 12 month low of $25.54 and a 12 month high of $51.15. The company has a current ratio of 2.62, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38.
Electronics for Imaging announced that its board has authorized a stock buyback plan on Monday, September 11th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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