Brokerages Anticipate CyberOptics Co. (NASDAQ:CYBE) to Announce $0.08 EPS

Brokerages forecast that CyberOptics Co. (NASDAQ:CYBE) will announce earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for CyberOptics’ earnings. CyberOptics reported earnings per share of $0.10 during the same quarter last year, which would suggest a negative year-over-year growth rate of 20%. The company is expected to issue its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that CyberOptics will report full-year earnings of $0.44 per share for the current year. For the next year, analysts anticipate that the business will report earnings of $0.55 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover CyberOptics.

CyberOptics (NASDAQ:CYBE) last announced its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. CyberOptics had a return on equity of 6.32% and a net margin of 5.33%. The company had revenue of $14.98 million during the quarter.



A number of equities analysts recently commented on CYBE shares. Zacks Investment Research cut CyberOptics from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. ValuEngine upgraded CyberOptics from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. TheStreet cut CyberOptics from a “b-” rating to a “c+” rating in a report on Tuesday, May 28th. Finally, Lake Street Capital reiterated a “buy” rating and set a $25.00 price target on shares of CyberOptics in a report on Wednesday, February 20th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.00.

A number of institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC bought a new stake in shares of CyberOptics during the 4th quarter worth $70,000. Marshall Wace North America L.P. purchased a new position in shares of CyberOptics in the first quarter valued at about $74,000. Citigroup Inc. purchased a new position in shares of CyberOptics in the first quarter valued at about $103,000. JPMorgan Chase & Co. purchased a new position in shares of CyberOptics during the first quarter valued at about $115,000. Finally, BerganKDV Wealth Management LLC bought a new stake in CyberOptics during the first quarter worth about $128,000. Institutional investors and hedge funds own 60.19% of the company’s stock.

CyberOptics stock traded down $0.16 during midday trading on Friday, reaching $15.75. 298 shares of the company’s stock were exchanged, compared to its average volume of 29,932. CyberOptics has a 52 week low of $14.66 and a 52 week high of $22.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.19 and a current ratio of 4.97. The stock has a market capitalization of $112.50 million, a P/E ratio of 40.85, a PEG ratio of 3.04 and a beta of 0.29.

CyberOptics Company Profile

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

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