Zacks: Brokerages Anticipate Electronics For Imaging, Inc. (NASDAQ:EFII) Will Announce Quarterly Sales of $238.03 Million

Wall Street brokerages predict that Electronics For Imaging, Inc. (NASDAQ:EFII) will announce sales of $238.03 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Electronics For Imaging’s earnings, with estimates ranging from $235.86 million to $240.20 million. Electronics For Imaging posted sales of $261.07 million in the same quarter last year, which indicates a negative year over year growth rate of 8.8%. The business is scheduled to report its next quarterly earnings results on Monday, July 29th.

On average, analysts expect that Electronics For Imaging will report full-year sales of $990.59 million for the current financial year, with estimates ranging from $976.78 million to $1.02 billion. For the next fiscal year, analysts expect that the company will report sales of $1.03 billion, with estimates ranging from $1.00 billion to $1.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). Electronics For Imaging had a negative return on equity of 2.16% and a negative net margin of 1.61%. The firm had revenue of $223.72 million during the quarter, compared to the consensus estimate of $218.89 million.

EFII has been the topic of several recent analyst reports. Loop Capital dropped their price objective on J B Hunt Transport Services to $133.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday. Needham & Company LLC cut Electronics For Imaging from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Citigroup dropped their price objective on UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Finally, ValuEngine upgraded ZTE CORP/ADR from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.69.

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Electronics For Imaging during the 4th quarter valued at $11,355,000. FMR LLC purchased a new stake in shares of Electronics For Imaging during the 4th quarter valued at $1,580,000. Smith Graham & Co. Investment Advisors LP increased its position in shares of Electronics For Imaging by 4.6% during the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 323,376 shares of the technology company’s stock valued at $8,699,000 after purchasing an additional 14,359 shares during the last quarter. Thompson Investment Management Inc. increased its position in shares of Electronics For Imaging by 11.2% during the 1st quarter. Thompson Investment Management Inc. now owns 23,195 shares of the technology company’s stock valued at $624,000 after purchasing an additional 2,345 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Electronics For Imaging by 316.1% during the 1st quarter. SG Americas Securities LLC now owns 83,994 shares of the technology company’s stock valued at $2,259,000 after purchasing an additional 63,810 shares during the last quarter.

NASDAQ:EFII traded down $0.01 during trading hours on Friday, hitting $36.96. 548,146 shares of the company traded hands, compared to its average volume of 606,790. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.30. The business’s 50-day simple moving average is $36.85. Electronics For Imaging has a one year low of $19.76 and a one year high of $38.33. The firm has a market cap of $1.60 billion, a P/E ratio of -1,848.00 and a beta of 1.10.

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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