Analysts Expect CyberOptics Co. (NASDAQ:CYBE) Will Announce Earnings of $0.01 Per Share

Equities research analysts expect CyberOptics Co. (NASDAQ:CYBE) to post $0.01 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for CyberOptics’ earnings. CyberOptics posted earnings of $0.16 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 93.8%. The business is scheduled to report its next earnings report on Tuesday, February 18th.

On average, analysts expect that CyberOptics will report full-year earnings of $0.09 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $0.20 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover CyberOptics.

CyberOptics (NASDAQ:CYBE) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). CyberOptics had a net margin of 2.97% and a return on equity of 3.14%. The firm had revenue of $12.39 million during the quarter.

Several analysts have commented on the company. ValuEngine cut CyberOptics from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Zacks Investment Research upgraded CyberOptics from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a report on Wednesday, November 6th. Finally, Lake Street Capital lifted their price target on CyberOptics from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

CYBE stock traded down $0.22 during trading on Thursday, hitting $17.90. The stock had a trading volume of 30,100 shares, compared to its average volume of 35,167. The company’s 50 day moving average price is $16.33 and its two-hundred day moving average price is $15.15. CyberOptics has a 1-year low of $11.55 and a 1-year high of $22.61. The stock has a market cap of $129.66 million, a price-to-earnings ratio of 45.90, a price-to-earnings-growth ratio of 16.84 and a beta of 0.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.65 and a current ratio of 5.57.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in CyberOptics by 1.1% in the 2nd quarter. BlackRock Inc. now owns 208,736 shares of the scientific and technical instruments company’s stock worth $3,388,000 after acquiring an additional 2,295 shares during the period. River & Mercantile Asset Management LLP purchased a new position in CyberOptics in the 2nd quarter worth approximately $1,914,000. Marshall Wace LLP boosted its holdings in CyberOptics by 193.7% in the 2nd quarter. Marshall Wace LLP now owns 48,457 shares of the scientific and technical instruments company’s stock worth $786,000 after acquiring an additional 31,956 shares during the period. California Public Employees Retirement System boosted its holdings in CyberOptics by 6.0% in the 3rd quarter. California Public Employees Retirement System now owns 30,200 shares of the scientific and technical instruments company’s stock worth $432,000 after acquiring an additional 1,700 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in CyberOptics in the 2nd quarter worth approximately $388,000. Hedge funds and other institutional investors own 54.32% of the company’s stock.

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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