Zacks: Brokerages Anticipate Electronics For Imaging, Inc. (EFII) Will Post Quarterly Sales of $280.16 Million

Analysts predict that Electronics For Imaging, Inc. (NASDAQ:EFII) will report sales of $280.16 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Electronics For Imaging’s earnings, with the lowest sales estimate coming in at $277.22 million and the highest estimate coming in at $283.09 million. Electronics For Imaging posted sales of $269.16 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The company is expected to issue its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Electronics For Imaging will report full-year sales of $1.04 billion for the current year. For the next financial year, analysts forecast that the company will report sales of $1.10 billion, with estimates ranging from $1.08 billion to $1.12 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last released its earnings results on Monday, October 29th. The technology company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Electronics For Imaging had a negative net margin of 2.27% and a positive return on equity of 0.51%. The business had revenue of $257.10 million during the quarter, compared to analysts’ expectations of $263.24 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis.

Several analysts recently issued reports on EFII shares. Zacks Investment Research cut shares of Electronics For Imaging from a “hold” rating to a “strong sell” rating in a research note on Friday, November 2nd. BidaskClub raised shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. TheStreet cut shares of Electronics For Imaging from a “c-” rating to a “d+” rating in a research note on Friday, December 14th. Citigroup dropped their price objective on shares of Electronics For Imaging from $43.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Finally, ValuEngine raised shares of Electronics For Imaging from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $33.80.

NASDAQ EFII traded up $0.17 during trading hours on Friday, hitting $26.97. 331,000 shares of the company’s stock traded hands, compared to its average volume of 463,650. Electronics For Imaging has a 52-week low of $23.01 and a 52-week high of $35.62. The stock has a market cap of $1.16 billion, a PE ratio of 99.89, a P/E/G ratio of 28.37 and a beta of 1.01.

A number of large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its holdings in Electronics For Imaging by 45.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,722 shares of the technology company’s stock valued at $186,000 after purchasing an additional 1,792 shares during the last quarter. Scout Investments Inc. boosted its holdings in Electronics For Imaging by 2.2% in the 3rd quarter. Scout Investments Inc. now owns 97,358 shares of the technology company’s stock valued at $3,318,000 after purchasing an additional 2,061 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Electronics For Imaging by 34.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 8,530 shares of the technology company’s stock valued at $291,000 after purchasing an additional 2,200 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Electronics For Imaging by 26.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 12,061 shares of the technology company’s stock valued at $290,000 after purchasing an additional 2,517 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Electronics For Imaging by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 117,691 shares of the technology company’s stock valued at $3,832,000 after purchasing an additional 2,977 shares during the last quarter.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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