Wall Street brokerages expect Capstone Turbine Co. (NASDAQ:CPST) to announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks Investment Research. 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 would indicate a positive year-over-year growth rate of 55.6%. The business is expected to report its next 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 fiscal year, with EPS estimates ranging from ($0.21) to ($0.12). For the next financial year, analysts forecast that the firm will post earnings of $0.02 per share, with EPS estimates ranging from $0.00 to $0.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Capstone Turbine.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). Capstone Turbine had a negative net margin of 12.77% and a negative return on equity of 47.04%. The firm had revenue of $21.19 million during the quarter, compared to the consensus estimate of $20.85 million.
Several research analysts have commented on the stock. ValuEngine downgraded shares of Capstone Turbine from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded shares of Capstone Turbine from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Maxim Group initiated coverage on shares of Capstone Turbine in a report on Wednesday, August 1st. They set a “buy” rating and a $2.50 price objective for the company. 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. Finally, Lake Street Capital initiated coverage on shares of Capstone Turbine in a report on Friday, June 15th. They set a “buy” rating and a $3.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Capstone Turbine currently has a consensus rating of “Buy” and an average price target of $2.21.
In other Capstone Turbine news, Director Robert C. Flexon bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were bought at an average price of $1.53 per share, for a total transaction of $45,900.00. Following the transaction, the director now directly owns 41,875 shares in the company, valued at $64,068.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 49,655 shares of company stock valued at $74,843 over the last ninety days. 1.62% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Perkins Capital Management Inc. increased its position in shares of Capstone Turbine by 6.9% in the second quarter. Perkins Capital Management Inc. now owns 1,152,143 shares of the industrial products company’s stock valued at $1,648,000 after acquiring an additional 74,000 shares during the period. BlackRock Inc. increased its position in shares of Capstone Turbine by 43.1% in the second quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock valued at $706,000 after acquiring an additional 148,753 shares during the period. EAM Investors LLC purchased a new position in shares of Capstone Turbine in the second quarter valued at about $671,000. Geode Capital Management LLC increased its position in shares of Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 67,509 shares during the period. Finally, Northern Trust Corp increased its position in shares of Capstone Turbine by 116.5% in the first quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock valued at $177,000 after acquiring an additional 83,002 shares during the period. Institutional investors own 11.39% of the company’s stock.
Capstone Turbine traded down $0.03, hitting $1.30, during trading hours on Tuesday, MarketBeat reports. The stock had a trading volume of 401,725 shares, compared to its average volume of 626,809. Capstone Turbine has a one year low of $0.58 and a one year high of $1.90. The company has a market cap of $85.38 million, a price-to-earnings ratio of -6.50 and a beta of -0.01.
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.
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