Zacks: Brokerages Anticipate CyberOptics Co. (CYBE) to Announce $0.10 EPS

Equities research analysts expect CyberOptics Co. (NASDAQ:CYBE) to post earnings per share of $0.10 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for CyberOptics’ earnings. CyberOptics posted earnings per share of ($0.01) in the same quarter last year, which suggests a positive year-over-year growth rate of 1,100%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, October 24th.

On average, analysts expect that CyberOptics will report full-year earnings of $0.31 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $0.70 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow CyberOptics.

CyberOptics (NASDAQ:CYBE) last issued its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $15.85 million for the quarter. CyberOptics had a net margin of 1.82% and a return on equity of 1.11%.

A number of brokerages have recently commented on CYBE. ValuEngine upgraded CyberOptics from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Craig Hallum raised their price target on CyberOptics from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Lake Street Capital increased their target price on CyberOptics from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, July 26th.

Shares of NASDAQ CYBE traded down $0.37 during trading hours on Friday, hitting $16.92. The stock had a trading volume of 330 shares, compared to its average volume of 38,469. The stock has a market cap of $126.04 million, a price-to-earnings ratio of 132.15, a PEG ratio of 4.81 and a beta of -0.32. CyberOptics has a 52 week low of $12.46 and a 52 week high of $22.30.

Large investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co acquired a new stake in CyberOptics during the 2nd quarter worth approximately $581,000. LMR Partners LLP acquired a new position in CyberOptics in the 2nd quarter valued at $367,000. Essex Investment Management Co. LLC raised its holdings in CyberOptics by 4.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 111,224 shares of the scientific and technical instruments company’s stock valued at $2,247,000 after acquiring an additional 4,572 shares in the last quarter. Perkins Capital Management Inc. raised its holdings in CyberOptics by 103.9% in the 2nd quarter. Perkins Capital Management Inc. now owns 75,350 shares of the scientific and technical instruments company’s stock valued at $1,311,000 after acquiring an additional 38,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in CyberOptics by 347.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,017 shares of the scientific and technical instruments company’s stock valued at $109,000 after acquiring an additional 4,671 shares in the last quarter. 60.99% of the stock is owned by institutional investors and hedge funds.

About CyberOptics

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

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