Wall Street analysts expect that Mimecast Ltd (NASDAQ:MIME) will announce $0.12 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Mimecast’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.10. Mimecast reported earnings per share of $0.06 in the same quarter last year, which would suggest a positive year over year growth rate of 100%. The company is expected to announce its next quarterly earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Mimecast will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.39 to $0.53. For the next fiscal year, analysts forecast that the firm will post earnings of $0.70 per share, with EPS estimates ranging from $0.55 to $0.93. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Mimecast.
Mimecast (NASDAQ:MIME) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.11. Mimecast had a negative net margin of 2.09% and a negative return on equity of 2.63%. The firm had revenue of $99.23 million during the quarter, compared to the consensus estimate of $97.32 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis.
MIME opened at $39.02 on Friday. Mimecast has a twelve month low of $29.67 and a twelve month high of $54.57. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $39.56 and a 200 day moving average price of $45.29. The company has a market cap of $2.41 billion, a PE ratio of -557.43, a price-to-earnings-growth ratio of 62.01 and a beta of 1.17.
In other news, CEO Peter Bauer sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $38.01, for a total value of $285,075.00. Following the sale, the chief executive officer now directly owns 200,000 shares in the company, valued at approximately $7,602,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neil Murray sold 35,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $38.32, for a total transaction of $1,341,200.00. Following the completion of the sale, the director now owns 1,766,665 shares in the company, valued at $67,698,602.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 422,632 shares of company stock worth $18,252,733. 11.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new position in Mimecast during the 2nd quarter worth $32,000. Marshall Wace LLP purchased a new position in Mimecast during the 1st quarter worth $49,000. Advisor Group Inc. boosted its holdings in shares of Mimecast by 39.1% in the second quarter. Advisor Group Inc. now owns 1,349 shares of the technology company’s stock valued at $64,000 after acquiring an additional 379 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mimecast in the second quarter valued at about $79,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Mimecast in the second quarter valued at about $102,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.
Mimecast Company Profile
Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.
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