Equities research analysts expect Akoustis Technologies, Inc. (NASDAQ:AKTS – Get Rating) to post ($0.20) earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Akoustis Technologies’ earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.22). Akoustis Technologies reported earnings of ($0.19) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Akoustis Technologies will report full year earnings of ($0.88) per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of ($0.54) per share, with EPS estimates ranging from ($0.80) to ($0.26). Zacks’ EPS averages are an average based on a survey of research analysts that cover Akoustis Technologies.
Akoustis Technologies (NASDAQ:AKTS – Get Rating) last announced its earnings results on Monday, May 2nd. The technology company reported ($0.22) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.22). The company had revenue of $4.60 million for the quarter, compared to analyst estimates of $4.61 million. Akoustis Technologies had a negative return on equity of 38.00% and a negative net margin of 430.10%. The firm’s quarterly revenue was up 84.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.15) earnings per share.
In other Akoustis Technologies news, EVP David Aichele sold 5,000 shares of the company’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $5.93, for a total value of $29,650.00. Following the completion of the transaction, the executive vice president now owns 191,810 shares in the company, valued at $1,137,433.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.70% of the company’s stock.
Several large investors have recently made changes to their positions in AKTS. Sandy Cove Advisors LLC purchased a new stake in shares of Akoustis Technologies in the fourth quarter valued at about $34,000. Hohimer Wealth Management LLC purchased a new stake in shares of Akoustis Technologies in the first quarter valued at about $65,000. Stifel Financial Corp purchased a new stake in shares of Akoustis Technologies in the fourth quarter valued at about $68,000. ProShare Advisors LLC purchased a new stake in shares of Akoustis Technologies in the fourth quarter valued at about $71,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Akoustis Technologies by 38.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 10,699 shares of the technology company’s stock valued at $71,000 after buying an additional 2,947 shares during the last quarter. 50.16% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:AKTS traded up $0.25 during trading on Friday, hitting $3.89. The company’s stock had a trading volume of 508,889 shares, compared to its average volume of 638,925. The business has a 50 day moving average price of $5.49 and a two-hundred day moving average price of $6.16. The company has a market capitalization of $217.68 million, a PE ratio of -3.85 and a beta of 1.47. Akoustis Technologies has a fifty-two week low of $3.52 and a fifty-two week high of $11.50.
Akoustis Technologies Company Profile (Get Rating)
Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. It operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services.
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