Analysts Expect American Superconductor Co. (AMSC) Will Announce Quarterly Sales of $14.53 Million
Equities analysts expect American Superconductor Co. (NASDAQ:AMSC) to post sales of $14.53 million for the current quarter, according to Zacks. Three analysts have issued estimates for American Superconductor’s earnings, with the lowest sales estimate coming in at $14.20 million and the highest estimate coming in at $15.10 million. American Superconductor reported sales of $16.20 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The company is expected to issue its next quarterly earnings results on Thursday, May 24th.
According to Zacks, analysts expect that American Superconductor will report full-year sales of $14.53 million for the current year, with estimates ranging from $49.10 million to $50.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $79.20 million per share, with estimates ranging from $74.40 million to $81.70 million. Zacks’ sales calculations are an average based on a survey of research firms that cover American Superconductor.
American Superconductor (NASDAQ:AMSC) last posted its earnings results on Monday, February 5th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.17. The business had revenue of $14.90 million for the quarter, compared to analyst estimates of $17.19 million. American Superconductor had a negative net margin of 65.96% and a negative return on equity of 60.92%. The company’s revenue for the quarter was down 45.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS.
A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in American Superconductor by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock valued at $173,000 after buying an additional 2,600 shares in the last quarter. Wedbush Securities Inc. lifted its stake in American Superconductor by 24.8% in the 4th quarter. Wedbush Securities Inc. now owns 57,660 shares of the technology company’s stock worth $209,000 after purchasing an additional 11,453 shares in the last quarter. GMT Capital Corp purchased a new position in American Superconductor in the 3rd quarter worth approximately $141,000. Bank of New York Mellon Corp purchased a new position in American Superconductor in the 4th quarter worth approximately $120,000. Finally, Wolverine Asset Management LLC lifted its stake in American Superconductor by 30.4% in the 4th quarter. Wolverine Asset Management LLC now owns 237,369 shares of the technology company’s stock worth $861,000 after purchasing an additional 55,375 shares in the last quarter. 28.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Superconductor (NASDAQ AMSC) traded up $0.08 during trading on Friday, reaching $4.68. 97,640 shares of the company were exchanged, compared to its average volume of 385,666. The stock has a market cap of $97.98, a price-to-earnings ratio of -2.34 and a beta of 1.31. American Superconductor has a 1 year low of $2.89 and a 1 year high of $7.75.
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American Superconductor Company Profile
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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