Electronics for Imaging, Inc. (NASDAQ:EFII) – Equities researchers at Griffin Securities dropped their Q3 2017 earnings per share (EPS) estimates for Electronics for Imaging in a research report issued to clients and investors on Tuesday. Griffin Securities analyst M. Ajzenman now forecasts that the technology company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.30. Griffin Securities also issued estimates for Electronics for Imaging’s Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $0.67 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.16 EPS and FY2018 earnings at $1.21 EPS.
Several other equities analysts also recently weighed in on the company. ValuEngine raised Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Friday. Barclays PLC reaffirmed a “buy” rating and issued a $47.00 target price on shares of Electronics for Imaging in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of Electronics for Imaging in a research report on Tuesday. Morgan Stanley lifted their target price on Electronics for Imaging from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Finally, Zacks Investment Research downgraded Electronics for Imaging from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. Electronics for Imaging presently has an average rating of “Buy” and an average target price of $50.70.
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Shares of Electronics for Imaging (NASDAQ EFII) opened at 41.59 on Friday. The company has a 50-day moving average of $36.71 and a 200-day moving average of $44.90. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 43.10 and a beta of 1.27. Electronics for Imaging has a 1-year low of $25.54 and a 1-year high of $51.15.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). Electronics for Imaging had a return on equity of 5.58% and a net margin of 4.70%. The business had revenue of $247.00 million during the quarter, compared to analysts’ expectations of $247.65 million. During the same period last year, the company earned $0.56 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year.
Electronics for Imaging announced that its board has authorized a stock repurchase program on Monday, September 11th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, CEO Guy Gecht sold 13,746 shares of Electronics for Imaging stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $48.21, for a total value of $662,694.66. Following the completion of the transaction, the chief executive officer now owns 386,760 shares in the company, valued at approximately $18,645,699.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 45,458 shares of company stock valued at $2,118,405 in the last quarter. Company insiders own 1.88% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Electronics for Imaging by 0.8% during the second quarter. Vanguard Group Inc. now owns 4,202,705 shares of the technology company’s stock worth $199,125,000 after purchasing an additional 34,640 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Electronics for Imaging by 3.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,566,893 shares of the technology company’s stock worth $125,342,000 after purchasing an additional 81,880 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in Electronics for Imaging by 2.8% during the first quarter. TimesSquare Capital Management LLC now owns 2,011,800 shares of the technology company’s stock worth $98,236,000 after purchasing an additional 54,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Electronics for Imaging by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,990,609 shares of the technology company’s stock worth $97,201,000 after purchasing an additional 82,956 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Electronics for Imaging by 13.5% during the first quarter. Victory Capital Management Inc. now owns 1,375,814 shares of the technology company’s stock worth $67,181,000 after purchasing an additional 163,747 shares during the last quarter.
Electronics for Imaging Company Profile
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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