Wall Street analysts expect Microvision, Inc. (NASDAQ:MVIS) to announce ($0.07) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Microvision’s earnings. Microvision reported earnings of ($0.09) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.2%. The company is expected to issue its next quarterly earnings report on Monday, March 5th.

On average, analysts expect that Microvision will report full-year earnings of ($0.30) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.29). For the next financial year, analysts forecast that the business will post earnings of ($0.23) per share, with EPS estimates ranging from ($0.25) to ($0.21). Zacks’ earnings per share averages are an average based on a survey of analysts that cover Microvision.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported ($0.07) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. The company had revenue of $6.09 million during the quarter, compared to analyst estimates of $5.24 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. Microvision’s revenue was up 52.3% compared to the same quarter last year.

MVIS has been the subject of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $3.50 price objective on shares of Microvision in a report on Thursday, September 14th. Zacks Investment Research raised Microvision from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Tuesday, October 10th. S&P Equity Research lifted their price objective on Microvision from $1.75 to $2.22 in a report on Thursday, November 2nd. Finally, ValuEngine lowered Microvision from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $3.34.

Shares of Microvision (NASDAQ MVIS) traded up $0.02 on Friday, hitting $1.54. The company had a trading volume of 217,243 shares, compared to its average volume of 516,803. Microvision has a one year low of $1.01 and a one year high of $3.25.

Institutional investors and hedge funds have recently modified their holdings of the stock. State Treasurer State of Michigan lifted its position in Microvision by 8.2% during the third quarter. State Treasurer State of Michigan now owns 3,144,199 shares of the electronics maker’s stock valued at $8,741,000 after purchasing an additional 238,095 shares in the last quarter. AWM Investment Company Inc. purchased a new position in Microvision during the second quarter valued at $13,997,000. California State Teachers Retirement System purchased a new position in Microvision during the second quarter valued at $256,000. State Street Corp lifted its position in Microvision by 2,126.7% during the second quarter. State Street Corp now owns 857,452 shares of the electronics maker’s stock valued at $1,816,000 after purchasing an additional 818,945 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in Microvision during the second quarter valued at $101,000. 30.62% of the stock is owned by institutional investors.

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Microvision Company Profile

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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