-$0.23 Earnings Per Share Expected for Arcimoto Inc (FUV) This Quarter

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Analysts expect that Arcimoto Inc (NASDAQ:FUV) will announce ($0.23) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Arcimoto’s earnings, with the lowest EPS estimate coming in at ($0.23) and the highest estimate coming in at ($0.22). Arcimoto reported earnings per share of ($0.10) in the same quarter last year, which suggests a negative year-over-year growth rate of 130%. The company is scheduled to report its next earnings report on Friday, March 29th.

On average, analysts expect that Arcimoto will report full year earnings of ($0.69) per share for the current financial year, with EPS estimates ranging from ($0.70) to ($0.66). For the next financial year, analysts anticipate that the company will post earnings of ($0.59) per share, with EPS estimates ranging from ($0.78) to ($0.41). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Arcimoto.

Several equities research analysts have weighed in on FUV shares. Chardan Capital started coverage on shares of Arcimoto in a research note on Wednesday, November 28th. They issued a “buy” rating for the company. ValuEngine raised shares of Arcimoto from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Finally, Roth Capital lifted their price target on shares of Arcimoto from $9.00 to $10.50 and gave the company a “buy” rating in a research note on Friday, February 15th.

FUV stock traded down $0.30 during midday trading on Tuesday, hitting $3.86. The stock had a trading volume of 5,761 shares, compared to its average volume of 242,400. The firm has a market cap of $59.43 million, a price-to-earnings ratio of -16.21 and a beta of -0.20. The company has a quick ratio of 3.18, a current ratio of 4.46 and a debt-to-equity ratio of 0.18. Arcimoto has a 1-year low of $1.55 and a 1-year high of $7.35.

A hedge fund recently raised its stake in Arcimoto stock. Vanguard Group Inc lifted its holdings in shares of Arcimoto Inc (NASDAQ:FUV) by 85.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,315 shares of the company’s stock after acquiring an additional 16,285 shares during the period. Vanguard Group Inc owned approximately 0.25% of Arcimoto worth $131,000 at the end of the most recent reporting period. Institutional investors own 0.91% of the company’s stock.

About Arcimoto

Arcimoto, Inc designs, develops, manufactures, and sells three-wheeled electric vehicles. The company was formerly known as WTP Inc and changed its name to Arcimoto, Inc in December 2011. Arcimoto, Inc was founded in 2007 and is headquartered in Eugene, Oregon.

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