Equities research analysts expect Kornit Digital Ltd (NASDAQ:KRNT) to announce earnings per share (EPS) of $0.11 for the current quarter, Zacks reports. Two analysts have made estimates for Kornit Digital’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.12. Kornit Digital posted earnings per share of $0.05 during the same quarter last year, which suggests a positive year over year growth rate of 120%. The business is scheduled to announce its next earnings results on Tuesday, November 6th.

On average, analysts expect that Kornit Digital will report full-year earnings of $0.39 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.44. For the next year, analysts anticipate that the business will post earnings of $0.66 per share, with EPS estimates ranging from $0.65 to $0.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Kornit Digital.

Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings data on Monday, August 6th. The industrial products company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. Kornit Digital had a net margin of 1.47% and a return on equity of 2.69%. The business had revenue of $35.90 million during the quarter, compared to analysts’ expectations of $35.26 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s quarterly revenue was up 25.6% on a year-over-year basis.

A number of equities analysts have issued reports on the company. BidaskClub upgraded Kornit Digital from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Stifel Nicolaus assumed coverage on Kornit Digital in a report on Thursday, June 7th. They set a “buy” rating and a $21.00 target price for the company. Needham & Company LLC increased their target price on Kornit Digital from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Canaccord Genuity increased their target price on Kornit Digital from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 8th. Finally, Barclays reiterated a “buy” rating and set a $22.00 target price on shares of Kornit Digital in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.67.

Shares of KRNT traded up $0.40 during trading hours on Friday, reaching $21.00. The stock had a trading volume of 14,048 shares, compared to its average volume of 249,793. Kornit Digital has a 52 week low of $11.70 and a 52 week high of $21.52. The stock has a market cap of $694.72 million, a P/E ratio of 168.75 and a beta of 0.30.

A number of hedge funds have recently added to or reduced their stakes in the business. Granahan Investment Management Inc. MA increased its holdings in Kornit Digital by 5.1% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 2,405,932 shares of the industrial products company’s stock worth $42,826,000 after purchasing an additional 116,772 shares in the last quarter. Quantum Capital Management increased its holdings in Kornit Digital by 16.3% during the 2nd quarter. Quantum Capital Management now owns 115,882 shares of the industrial products company’s stock worth $2,063,000 after purchasing an additional 16,267 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Kornit Digital during the 2nd quarter worth about $260,000. Bank of America Corp DE grew its holdings in shares of Kornit Digital by 60.1% in the 2nd quarter. Bank of America Corp DE now owns 445,465 shares of the industrial products company’s stock valued at $7,929,000 after acquiring an additional 167,248 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Kornit Digital by 23.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,343,466 shares of the industrial products company’s stock valued at $23,914,000 after acquiring an additional 252,876 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

About Kornit Digital

Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.

Featured Story: Stock Symbols, CUSIP and Other Stock Identifiers

Get a free copy of the Zacks research report on Kornit Digital (KRNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Kornit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital and related companies with MarketBeat.com's FREE daily email newsletter.