Shares of Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) have been given an average broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus price target of $32.50 for the company and are predicting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Rofin-Sinar Technologies an industry rank of 49 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Rofin-Sinar Technologies from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, September 1st.
Rofin-Sinar Technologies (NASDAQ:RSTI) opened at 32.35 on Tuesday. The firm has a 50-day moving average of $32.16 and a 200-day moving average of $32.00. The stock has a market capitalization of $919.19 million, a price-to-earnings ratio of 27.70 and a beta of 1.98. Rofin-Sinar Technologies has a 1-year low of $19.02 and a 1-year high of $32.50.
Rofin-Sinar Technologies (NASDAQ:RSTI) last released its earnings results on Tuesday, August 9th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Rofin-Sinar Technologies had a net margin of 6.80% and a return on equity of 7.04%. The company had revenue of $125.94 million for the quarter, compared to the consensus estimate of $130.90 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts anticipate that Rofin-Sinar Technologies will post $1.12 EPS for the current year.
Several hedge funds have recently made changes to their positions in the stock. Magnetar Financial LLC purchased a new stake in shares of Rofin-Sinar Technologies during the first quarter worth $32,121,000. FMR LLC increased its stake in shares of Rofin-Sinar Technologies by 91.5% in the second quarter. FMR LLC now owns 1,450,945 shares of the company’s stock worth $46,343,000 after buying an additional 693,100 shares in the last quarter. CNH Partners LLC increased its stake in shares of Rofin-Sinar Technologies by 79.2% in the second quarter. CNH Partners LLC now owns 1,496,261 shares of the company’s stock worth $47,791,000 after buying an additional 661,448 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Rofin-Sinar Technologies by 198.1% in the second quarter. SG Americas Securities LLC now owns 488,357 shares of the company’s stock worth $15,598,000 after buying an additional 324,556 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Rofin-Sinar Technologies by 208.1% in the second quarter. JPMorgan Chase & Co. now owns 414,858 shares of the company’s stock worth $13,250,000 after buying an additional 280,193 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.
About Rofin-Sinar Technologies
ROFIN-SINAR Technologies Inc is engaged in the design, development, engineering, manufacturing and marketing of laser sources and laser-based system solutions for industrial material processing applications, which include primarily cutting, welding and marking a range of materials. The Company offers a range of laser components.
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