Wall Street analysts predict that American Superconductor Corporation (NASDAQ:AMSC) will announce ($0.45) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for American Superconductor Corporation’s earnings. The lowest EPS estimate is ($0.51) and the highest is ($0.38). American Superconductor Corporation reported earnings of ($0.53) per share during the same quarter last year, which indicates a positive year over year growth rate of 15.1%. The firm is scheduled to report its next earnings report on Wednesday, November 1st.
On average, analysts expect that American Superconductor Corporation will report full-year earnings of ($2.05) per share for the current financial year, with EPS estimates ranging from ($2.19) to ($1.81). For the next financial year, analysts forecast that the firm will report earnings of ($0.94) per share, with EPS estimates ranging from ($1.28) to ($0.68). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow American Superconductor Corporation.
American Superconductor Corporation (NASDAQ:AMSC) last issued its earnings results on Tuesday, August 8th. The technology company reported ($0.97) EPS for the quarter, beating analysts’ consensus estimates of ($1.06) by $0.09. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The business had revenue of $8.92 million during the quarter, compared to analyst estimates of $8.46 million. During the same period in the previous year, the company posted ($0.64) EPS. The firm’s revenue was down 33.2% compared to the same quarter last year.
A number of equities analysts recently issued reports on AMSC shares. HC Wainwright set a $8.00 price target on shares of American Superconductor Corporation and gave the stock a “buy” rating in a research note on Friday, April 28th. FBR & Co downgraded shares of American Superconductor Corporation from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $9.00 to $6.00 in a research note on Friday, July 21st. Roth Capital set a $10.00 price target on shares of American Superconductor Corporation and gave the stock a “buy” rating in a research note on Friday, May 26th. Zacks Investment Research downgraded shares of American Superconductor Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Rodman & Renshaw reissued a “buy” rating and issued a $7.50 price target (down from $10.00) on shares of American Superconductor Corporation in a research note on Friday, April 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.43.
Shares of American Superconductor Corporation (NASDAQ:AMSC) opened at 3.25 on Friday. American Superconductor Corporation has a 12 month low of $2.89 and a 12 month high of $8.55. The company has a 50-day moving average price of $3.95 and a 200-day moving average price of $5.35. The company’s market capitalization is $54.53 million.
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Several institutional investors have recently made changes to their positions in the stock. First Manhattan Co. increased its position in shares of American Superconductor Corporation by 9.6% in the first quarter. First Manhattan Co. now owns 15,369 shares of the technology company’s stock worth $107,000 after buying an additional 1,350 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of American Superconductor Corporation during the fourth quarter worth $166,000. LMR Partners LLP acquired a new position in shares of American Superconductor Corporation during the second quarter worth $169,000. GMT Capital Corp acquired a new position in shares of American Superconductor Corporation during the first quarter worth $213,000. Finally, Bank of New York Mellon Corp increased its position in shares of American Superconductor Corporation by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 83,720 shares of the technology company’s stock worth $575,000 after buying an additional 1,635 shares in the last quarter. 31.21% of the stock is owned by institutional investors and hedge funds.
About American Superconductor Corporation
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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