Microvision (MVIS) Scheduled to Post Quarterly Earnings on Wednesday

Microvision (NASDAQ:MVIS) is scheduled to release its earnings data before the market opens on Wednesday, April 17th. Analysts expect Microvision to post earnings of ($0.09) per share for the quarter.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings results on Tuesday, March 5th. The electronics maker reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.03). The company had revenue of $1.83 million during the quarter, compared to the consensus estimate of $2.85 million. Microvision had a negative net margin of 154.77% and a negative return on equity of 351.08%.

MVIS stock opened at $1.03 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $105.17 million, a price-to-earnings ratio of -3.32 and a beta of 0.55. Microvision has a twelve month low of $0.51 and a twelve month high of $1.80.

An institutional investor recently raised its position in Microvision stock. Geode Capital Management LLC raised its stake in Microvision, Inc. (NASDAQ:MVIS) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 739,235 shares of the electronics maker’s stock after purchasing an additional 39,003 shares during the quarter. Geode Capital Management LLC owned approximately 0.74% of Microvision worth $446,000 at the end of the most recent reporting period. 24.29% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on MVIS. HC Wainwright set a $4.00 price target on Microvision and gave the company a “buy” rating in a research note on Monday, December 31st. Craig Hallum began coverage on Microvision in a research note on Wednesday, December 19th. They issued a “buy” rating for the company. ValuEngine downgraded Microvision from a “hold” rating to a “sell” rating in a research note on Monday, December 17th. Finally, Zacks Investment Research upgraded Microvision from a “hold” rating to a “strong-buy” rating and set a $1.00 price target for the company in a research note on Friday, January 18th.

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About Microvision

MicroVision, Inc develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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Earnings History for Microvision (NASDAQ:MVIS)

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