Electronics For Imaging, Inc. (EFII) Expected to Post Quarterly Sales of $264.91 Million

Analysts forecast that Electronics For Imaging, Inc. (NASDAQ:EFII) will announce sales of $264.91 million for the current quarter, Zacks reports. Three analysts have provided estimates for Electronics For Imaging’s earnings. The highest sales estimate is $265.10 million and the lowest is $264.63 million. Electronics For Imaging reported sales of $266.71 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.7%. The firm is expected to report 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 fiscal year, with estimates ranging from $987.00 million to $992.00 million. For the next fiscal year, analysts anticipate that the firm 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 sell-side analysts that cover Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). Electronics For Imaging had a net margin of 3.09% and a return on equity of 3.67%. The company had revenue of $248.36 million for the quarter, compared to analyst estimates of $258.09 million. During the same quarter in the prior year, the company posted $0.58 EPS. Electronics For Imaging’s revenue for the quarter was up 1.1% on a year-over-year basis.

Several equities analysts have recently weighed in on EFII shares. ValuEngine upgraded shares of Electronics For Imaging from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barclays reiterated a “buy” rating and set a $47.00 price objective on shares of Electronics For Imaging in a report on Thursday, September 14th. Loop Capital dropped their price objective on shares of Electronics For Imaging from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Citigroup dropped their price objective on shares of Electronics For Imaging from $53.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, October 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $43.00 price objective on shares of Electronics For Imaging in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.22.

In other news, CEO Guy Gecht sold 9,000 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $29.65, for a total transaction of $266,850.00. Following the completion of the sale, the chief executive officer now directly owns 333,450 shares of the company’s stock, valued at $9,886,792.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dan Maydan sold 6,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $30.87, for a total transaction of $200,655.00. Following the sale, the director now directly owns 33,310 shares of the company’s stock, valued at $1,028,279.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,500 shares of company stock valued at $1,269,225. 1.88% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System grew its position in Electronics For Imaging by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,266 shares of the technology company’s stock worth $1,292,000 after purchasing an additional 123 shares in the last quarter. Amalgamated Bank grew its position in Electronics For Imaging by 3.2% in the 2nd quarter. Amalgamated Bank now owns 6,413 shares of the technology company’s stock worth $304,000 after purchasing an additional 198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Electronics For Imaging by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,504 shares of the technology company’s stock worth $119,000 after purchasing an additional 217 shares in the last quarter. Stifel Financial Corp grew its position in Electronics For Imaging by 3.1% in the 2nd quarter. Stifel Financial Corp now owns 8,294 shares of the technology company’s stock worth $392,000 after purchasing an additional 251 shares in the last quarter. Finally, Citigroup Inc. grew its position in Electronics For Imaging by 13.2% in the 2nd quarter. Citigroup Inc. now owns 5,817 shares of the technology company’s stock worth $276,000 after purchasing an additional 678 shares in the last quarter.

Electronics For Imaging (EFII) opened at $30.73 on Friday. Electronics For Imaging has a fifty-two week low of $25.54 and a fifty-two week high of $51.15. The firm has a market cap of $1,389.46, a PE ratio of 47.28 and a beta of 1.26. The company has a current ratio of 2.63, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38.

Electronics For Imaging announced that its board has approved 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 repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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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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