Capstone Turbine Co. Forecasted to Post Q1 2020 Earnings of ($0.04) Per Share (NASDAQ:CPST)

Capstone Turbine Co. (NASDAQ:CPST) – Analysts at Oppenheimer issued their Q1 2020 earnings per share (EPS) estimates for Capstone Turbine in a research report issued on Tuesday, June 11th. Oppenheimer analyst C. Rusch anticipates that the industrial products company will post earnings of ($0.04) per share for the quarter. Oppenheimer also issued estimates for Capstone Turbine’s Q2 2020 earnings at ($0.03) EPS, Q4 2020 earnings at $0.02 EPS and FY2020 earnings at ($0.06) EPS.

CPST has been the topic of several other research reports. Maxim Group reiterated a “buy” rating and issued a $2.00 target price on shares of Capstone Turbine in a research note on Thursday, May 23rd. Zacks Investment Research upgraded shares of Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1.50.



Shares of NASDAQ CPST opened at $0.82 on Friday. The company has a market capitalization of $57.62 million, a PE ratio of -3.27 and a beta of 0.73. Capstone Turbine has a 52-week low of $0.55 and a 52-week high of $1.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.96 and a current ratio of 2.50.

Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Tuesday, June 11th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $22.02 million during the quarter, compared to the consensus estimate of $20.97 million. Capstone Turbine had a negative return on equity of 67.42% and a negative net margin of 19.97%.

Several hedge funds and other institutional investors have recently modified their holdings of CPST. Charles Schwab Investment Management Inc. bought a new position in Capstone Turbine during the first quarter valued at approximately $51,000. Virtu Financial LLC lifted its position in Capstone Turbine by 77.5% during the first quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 52,107 shares during the period. Northern Trust Corp lifted its position in Capstone Turbine by 15.7% during the first quarter. Northern Trust Corp now owns 130,709 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 17,703 shares during the period. Sargent Investment Group LLC bought a new position in Capstone Turbine during the fourth quarter valued at approximately $195,000. Finally, GMT Capital Corp bought a new position in Capstone Turbine during the first quarter valued at approximately $247,000. Hedge funds and other institutional investors own 11.34% of the company’s stock.

Capstone Turbine Company Profile

Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.

Recommended Story: Balanced Fund

Earnings History and Estimates for Capstone Turbine (NASDAQ:CPST)

Receive News & Ratings for Capstone Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Turbine and related companies with MarketBeat.com's FREE daily email newsletter.