Wall Street analysts expect that Capstone Turbine Co. (NASDAQ:CPST) will announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Capstone Turbine’s earnings, with estimates ranging from ($0.06) to ($0.02). Capstone Turbine reported earnings of ($0.09) per share during the same quarter last year, which indicates a positive year over year growth rate of 55.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Capstone Turbine will report full year earnings of ($0.15) per share for the current year, with EPS estimates ranging from ($0.21) to ($0.12). For the next year, analysts anticipate that the firm will post earnings of $0.02 per share, with EPS estimates ranging from $0.00 to $0.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Capstone Turbine.
Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings data on Tuesday, August 7th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). Capstone Turbine had a negative return on equity of 47.04% and a negative net margin of 12.77%. The firm had revenue of $21.19 million during the quarter, compared to analyst estimates of $20.85 million.
CPST has been the topic of a number of analyst reports. ValuEngine raised shares of Capstone Turbine from a “sell” rating to a “hold” rating in a report on Friday, August 10th. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the stock a “buy” rating in a report on Monday, July 30th. Zacks Investment Research cut shares of Capstone Turbine from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Maxim Group started coverage on shares of Capstone Turbine in a research note on Wednesday, August 1st. They set a “buy” rating and a $2.50 target price on the stock. Finally, Lake Street Capital started coverage on shares of Capstone Turbine in a research note on Friday, June 15th. They set a “buy” rating and a $3.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $2.21.
Shares of CPST stock traded down $0.02 during trading hours on Friday, reaching $1.12. The stock had a trading volume of 726,700 shares, compared to its average volume of 909,453. Capstone Turbine has a twelve month low of $0.58 and a twelve month high of $1.90. The stock has a market cap of $73.82 million, a PE ratio of -5.60 and a beta of -0.01.
In related news, Director Robert C. Flexon bought 30,000 shares of the stock in a transaction on Tuesday, June 12th. The shares were purchased at an average price of $1.53 per share, with a total value of $45,900.00. Following the purchase, the director now owns 41,875 shares in the company, valued at $64,068.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have acquired 54,655 shares of company stock worth $81,393. 1.62% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. HPM Partners LLC acquired a new position in Capstone Turbine during the 2nd quarter valued at about $100,000. Manatuck Hill Partners LLC increased its stake in Capstone Turbine by 47.6% during the 2nd quarter. Manatuck Hill Partners LLC now owns 2,040,300 shares of the industrial products company’s stock valued at $2,918,000 after buying an additional 658,100 shares during the period. Renaissance Technologies LLC increased its stake in Capstone Turbine by 46.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,119,109 shares of the industrial products company’s stock valued at $1,600,000 after buying an additional 355,600 shares during the period. BlackRock Inc. increased its stake in Capstone Turbine by 43.1% during the 2nd quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock valued at $706,000 after buying an additional 148,753 shares during the period. Finally, EAM Investors LLC acquired a new position in Capstone Turbine during the 2nd quarter valued at about $671,000. 15.84% of the stock is currently owned by hedge funds and other institutional investors.
About Capstone Turbine
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.
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