-$0.53 EPS Expected for Cray (CRAY) This Quarter

Analysts expect Cray (NASDAQ:CRAY) to post earnings per share of ($0.53) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Cray’s earnings, with the highest EPS estimate coming in at ($0.50) and the lowest estimate coming in at ($0.56). Cray posted earnings of ($0.71) per share during the same quarter last year, which would indicate a positive year over year growth rate of 25.4%. The firm is scheduled to announce its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Cray will report full-year earnings of ($0.83) per share for the current financial year, with EPS estimates ranging from ($0.94) to ($0.71). For the next financial year, analysts expect that the business will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.62) to $0.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Cray.

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Cray (NASDAQ:CRAY) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The firm had revenue of $166.60 million during the quarter, compared to analysts’ expectations of $164.03 million. Cray had a negative return on equity of 8.51% and a negative net margin of 34.10%. Cray’s revenue was down 51.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 earnings per share.

CRAY has been the topic of several research reports. Zacks Investment Research lowered Cray from a “strong-buy” rating to a “hold” rating in a report on Friday, February 16th. TheStreet lowered Cray from a “c-” rating to a “d” rating in a report on Friday, March 2nd. KeyCorp reissued a “buy” rating and issued a $31.00 target price on shares of Cray in a report on Friday, January 19th. BidaskClub raised Cray from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Finally, Craig Hallum set a $30.00 target price on Cray and gave the company a “buy” rating in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $27.33.

NASDAQ:CRAY traded up $0.15 during trading hours on Monday, hitting $20.10. The company’s stock had a trading volume of 180,909 shares, compared to its average volume of 333,644. The stock has a market capitalization of $807.49, a price-to-earnings ratio of -19.90 and a beta of 1.49. Cray has a 52-week low of $16.50 and a 52-week high of $26.65.

In related news, SVP Michael Charles Piraino sold 17,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $22.02, for a total transaction of $385,350.00. Following the sale, the senior vice president now owns 59,884 shares of the company’s stock, valued at $1,318,645.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter J. Ungaro sold 80,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $22.14, for a total value of $1,771,200.00. Following the sale, the chief executive officer now directly owns 342,207 shares in the company, valued at approximately $7,576,462.98. The disclosure for this sale can be found here. Insiders sold 116,400 shares of company stock worth $2,572,539 in the last three months. 4.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Cray during the third quarter valued at $124,000. MainStreet Investment Advisors LLC acquired a new stake in shares of Cray during the fourth quarter valued at $242,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Cray by 57.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,120 shares of the technology company’s stock valued at $294,000 after acquiring an additional 5,500 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Cray during the fourth quarter valued at $331,000. Finally, Levin Capital Strategies L.P. boosted its stake in shares of Cray by 31.1% during the fourth quarter. Levin Capital Strategies L.P. now owns 15,082 shares of the technology company’s stock valued at $365,000 after acquiring an additional 3,580 shares during the last quarter. 97.32% of the stock is currently owned by institutional investors and hedge funds.

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About Cray

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

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