Analysts Expect Attunity Ltd (ATTU) Will Announce Quarterly Sales of $22.37 Million

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Equities analysts predict that Attunity Ltd (NASDAQ:ATTU) will report $22.37 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Attunity’s earnings, with the highest sales estimate coming in at $22.43 million and the lowest estimate coming in at $22.30 million. Attunity posted sales of $18.23 million during the same quarter last year, which suggests a positive year over year growth rate of 22.7%. The business is expected to report its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Attunity will report full-year sales of $106.03 million for the current fiscal year, with estimates ranging from $106.00 million to $106.06 million. For the next year, analysts expect that the firm will post sales of $125.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Attunity.

Attunity (NASDAQ:ATTU) last announced its quarterly earnings results on Thursday, January 31st. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.10. Attunity had a net margin of 6.95% and a return on equity of 11.23%. The firm had revenue of $25.98 million for the quarter, compared to the consensus estimate of $23.70 million.

ATTU has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Attunity from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. BidaskClub downgraded shares of Attunity from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research downgraded shares of Attunity from a “buy” rating to a “hold” rating in a report on Friday. Craig Hallum downgraded shares of Attunity from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Roth Capital downgraded shares of Attunity from a “buy” rating to a “neutral” rating in a report on Thursday, February 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Attunity presently has a consensus rating of “Buy” and a consensus price target of $24.50.

NASDAQ ATTU traded up $0.01 during mid-day trading on Friday, reaching $23.37. 652,459 shares of the stock were exchanged, compared to its average volume of 856,627. Attunity has a 1 year low of $6.97 and a 1 year high of $27.32. The company has a market capitalization of $499.51 million, a PE ratio of 73.03, a price-to-earnings-growth ratio of 3.22 and a beta of 1.95.

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Attunity by 57.7% in the 4th quarter. Geode Capital Management LLC now owns 42,208 shares of the technology company’s stock valued at $829,000 after purchasing an additional 15,442 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Attunity by 18.6% during the 4th quarter. Two Sigma Advisers LP now owns 206,000 shares of the technology company’s stock worth $4,054,000 after acquiring an additional 32,300 shares during the period. Oberweis Asset Management Inc. purchased a new position in shares of Attunity during the 4th quarter worth about $19,406,000. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Attunity by 7.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 307,071 shares of the technology company’s stock worth $6,043,000 after acquiring an additional 20,900 shares during the period. Finally, Raymond James & Associates purchased a new position in shares of Attunity during the 4th quarter worth about $225,000. 54.26% of the stock is currently owned by institutional investors and hedge funds.

Attunity Company Profile

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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