Wall Street analysts predict that Top Image Systems, Ltd. (NASDAQ:TISA) will report earnings per share (EPS) of ($0.03) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Top Image Systems’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.05). Top Image Systems posted earnings of ($0.10) per share during the same quarter last year, which suggests a positive year over year growth rate of 70%. The company is expected to announce its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Top Image Systems will report full-year earnings of ($0.19) per share for the current financial year, with EPS estimates ranging from ($0.19) to ($0.18). For the next financial year, analysts forecast that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.07) to $0.08. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Top Image Systems.
A number of research firms recently commented on TISA. Zacks Investment Research upgraded shares of Top Image Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. HC Wainwright set a $3.00 price target on shares of Top Image Systems and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, ValuEngine upgraded shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $2.50.
An institutional investor recently raised its position in Top Image Systems stock. Renaissance Technologies LLC boosted its position in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 164,600 shares of the software maker’s stock after buying an additional 1,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.92% of Top Image Systems worth $219,000 as of its most recent filing with the Securities & Exchange Commission. 5.36% of the stock is owned by hedge funds and other institutional investors.
Top Image Systems (NASDAQ TISA) traded down $0.03 during trading hours on Friday, reaching $1.06. 35,385 shares of the company were exchanged, compared to its average volume of 59,381. Top Image Systems has a 52 week low of $1.03 and a 52 week high of $1.75.
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Top Image Systems Company Profile
Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.
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