Analysts expect Electronics for Imaging, Inc. (NASDAQ:EFII) to post sales of $264.91 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Electronics for Imaging’s earnings, with estimates ranging from $264.63 million to $265.10 million. Electronics for Imaging posted sales of $266.71 million in the same quarter last year, which suggests a negative year over year growth rate of 0.7%. The business is expected to issue its next earnings results on Wednesday, January 24th.
On average, analysts expect that Electronics for Imaging will report full-year sales of $264.91 million for the current year, with estimates ranging from $987.00 million to $989.20 million. For the next fiscal year, analysts forecast that the company will report sales of $1.04 billion per share, with estimates ranging from $1.00 billion to $1.07 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Electronics for Imaging.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.10). Electronics for Imaging had a return on equity of 3.67% and a net margin of 3.09%. The firm had revenue of $248.36 million for the quarter, compared to analyst estimates of $258.09 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. Electronics for Imaging’s revenue for the quarter was up 1.1% on a year-over-year basis.
Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Electronics for Imaging in a research report on Sunday, October 29th. TheStreet lowered shares of Electronics for Imaging from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Barclays PLC lowered shares of Electronics for Imaging from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 6th. Finally, Loop Capital lowered their target price on shares of Electronics for Imaging from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.75.
Shares of Electronics for Imaging (NASDAQ:EFII) opened at $29.25 on Tuesday. Electronics for Imaging has a 12-month low of $25.54 and a 12-month high of $51.15. The stock has a market cap of $1,420.56, a PE ratio of 47.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.62.
Electronics for Imaging announced that its board has authorized a share repurchase program on Monday, September 11th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In other news, Director Dan Maydan sold 6,500 shares of Electronics for Imaging stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total value of $200,655.00. Following the transaction, the director now directly owns 33,310 shares of the company’s stock, valued at approximately $1,028,279.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $42.76, for a total transaction of $384,840.00. Following the completion of the transaction, the chief executive officer now directly owns 364,885 shares in the company, valued at $15,602,482.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,500 shares of company stock worth $1,220,175. 1.88% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Electronics for Imaging by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,202,705 shares of the technology company’s stock valued at $199,125,000 after buying an additional 34,640 shares during the last quarter. Victory Capital Management Inc. grew its position in Electronics for Imaging by 2.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,403,769 shares of the technology company’s stock valued at $59,913,000 after buying an additional 32,600 shares during the last quarter. Macquarie Group Ltd. grew its position in Electronics for Imaging by 3.1% in the 2nd quarter. Macquarie Group Ltd. now owns 1,321,566 shares of the technology company’s stock valued at $62,616,000 after buying an additional 39,357 shares during the last quarter. Voya Investment Management LLC grew its position in Electronics for Imaging by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,179,368 shares of the technology company’s stock valued at $55,879,000 after buying an additional 153,119 shares during the last quarter. Finally, State Street Corp grew its position in Electronics for Imaging by 3.7% in the 2nd quarter. State Street Corp now owns 1,165,317 shares of the technology company’s stock valued at $55,217,000 after buying an additional 41,326 shares during the last quarter.
About Electronics for Imaging
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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