Analysts Expect American Superconductor Co. (NASDAQ:AMSC) to Announce -$0.24 EPS

Wall Street analysts forecast that American Superconductor Co. (NASDAQ:AMSC) will announce earnings of ($0.24) per share for the current quarter, according to Zacks. Two analysts have issued estimates for American Superconductor’s earnings. American Superconductor reported earnings of ($0.30) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 4th.

On average, analysts expect that American Superconductor will report full year earnings of ($0.78) per share for the current year, with EPS estimates ranging from ($0.95) to ($0.60). For the next financial year, analysts expect that the business will post earnings of ($0.26) per share, with EPS estimates ranging from ($0.82) to $0.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow American Superconductor.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings results on Tuesday, June 2nd. The technology company reported ($0.24) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.24). American Superconductor had a negative net margin of 26.78% and a negative return on equity of 27.95%. The company had revenue of $18.14 million during the quarter, compared to analyst estimates of $17.65 million.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut American Superconductor from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. Oppenheimer began coverage on American Superconductor in a report on Wednesday, June 3rd. They set a “buy” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.33.

Large investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its stake in American Superconductor by 113.1% in the 4th quarter. Citigroup Inc. now owns 5,149 shares of the technology company’s stock worth $40,000 after acquiring an additional 2,733 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of American Superconductor by 46.1% during the first quarter. BNP Paribas Arbitrage SA now owns 6,550 shares of the technology company’s stock worth $36,000 after purchasing an additional 2,068 shares during the period. Marshall Wace LLP purchased a new position in American Superconductor during the fourth quarter valued at approximately $76,000. SG Americas Securities LLC acquired a new position in American Superconductor in the 1st quarter valued at approximately $65,000. Finally, Marshall Wace North America L.P. purchased a new stake in American Superconductor in the 4th quarter worth approximately $188,000. 47.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ AMSC traded down $0.03 during trading on Thursday, hitting $8.59. The company had a trading volume of 9,673 shares, compared to its average volume of 210,527. American Superconductor has a 52 week low of $4.40 and a 52 week high of $9.99. The business’s 50-day moving average is $7.71 and its 200 day moving average is $6.86. The company has a market cap of $204.72 million, a P/E ratio of -9.97 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 2.30.

American Superconductor Company Profile

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.

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