Analysts Expect Immersion Co. (NASDAQ:IMMR) to Announce $0.09 Earnings Per Share

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Equities analysts expect that Immersion Co. (NASDAQ:IMMR) will post earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Immersion’s earnings. Immersion reported earnings of ($0.02) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 550%. The firm is expected to report its next earnings results on Tuesday, February 25th.

On average, analysts expect that Immersion will report full year earnings of ($0.43) per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.21 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Immersion.

Immersion (NASDAQ:IMMR) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.09). Immersion had a negative net margin of 68.35% and a negative return on equity of 26.66%. The business had revenue of $10.60 million for the quarter, compared to analysts’ expectations of $11.34 million. During the same period last year, the business earned ($0.07) earnings per share. The company’s quarterly revenue was up 23.3% on a year-over-year basis.

A number of research firms have weighed in on IMMR. ValuEngine downgraded Immersion from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Zacks Investment Research downgraded Immersion from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, BidaskClub downgraded Immersion from a “hold” rating to a “sell” rating in a report on Saturday, September 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Immersion has a consensus rating of “Hold” and an average target price of $10.81.

A number of hedge funds have recently bought and sold shares of the business. Raging Capital Management LLC lifted its holdings in Immersion by 1.1% in the third quarter. Raging Capital Management LLC now owns 4,832,445 shares of the software maker’s stock valued at $36,968,000 after acquiring an additional 53,099 shares during the period. BlackRock Inc. raised its stake in shares of Immersion by 17.1% in the second quarter. BlackRock Inc. now owns 2,132,929 shares of the software maker’s stock worth $16,231,000 after buying an additional 311,166 shares during the period. State Street Corp raised its stake in shares of Immersion by 11.7% in the third quarter. State Street Corp now owns 565,501 shares of the software maker’s stock worth $4,326,000 after buying an additional 59,106 shares during the period. Northern Trust Corp raised its stake in shares of Immersion by 1.9% in the second quarter. Northern Trust Corp now owns 363,516 shares of the software maker’s stock worth $2,767,000 after buying an additional 6,847 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Immersion by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 295,472 shares of the software maker’s stock worth $2,248,000 after buying an additional 23,159 shares during the period. 75.92% of the stock is currently owned by institutional investors.

IMMR stock traded up $0.06 during trading on Thursday, reaching $6.73. The stock had a trading volume of 169,568 shares, compared to its average volume of 232,931. Immersion has a 52 week low of $6.40 and a 52 week high of $10.74. The stock’s 50 day moving average is $7.45 and its two-hundred day moving average is $7.72. The firm has a market cap of $210.49 million, a PE ratio of 3.87 and a beta of 1.13.

About Immersion

Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch when they engage with various digital products. The company offers TouchSense Lite and TouchSense Premium patent licenses, haptic technologies to original equipment manufacturers.

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