Ambarella Inc (AMBA) Expected to Announce Earnings of $0.09 Per Share

Brokerages expect Ambarella Inc (NASDAQ:AMBA) to announce earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Ambarella’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.07. Ambarella reported earnings per share of $0.75 in the same quarter last year, which would suggest a negative year over year growth rate of 88%. The company is scheduled to issue its next quarterly earnings results on Thursday, November 29th.

According to Zacks, analysts expect that Ambarella will report full year earnings of $0.51 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.56. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.70 per share, with EPS estimates ranging from $0.39 to $1.50. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Ambarella.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.12. Ambarella had a negative return on equity of 0.71% and a negative net margin of 1.40%. The business had revenue of $62.47 million for the quarter, compared to the consensus estimate of $62.27 million.

AMBA has been the topic of a number of recent analyst reports. Bank of America downgraded Ambarella from a “neutral” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a report on Friday, August 31st. BidaskClub upgraded Ambarella from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 29th. Dougherty & Co dropped their price target on Ambarella from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Stifel Nicolaus dropped their price target on Ambarella from $56.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Finally, Deutsche Bank dropped their price target on Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, August 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Ambarella has a consensus rating of “Hold” and a consensus price target of $50.72.

In related news, CEO Feng-Ming Wang sold 10,727 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $35.56, for a total transaction of $381,452.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Leslie Kohn sold 6,799 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $35.46, for a total value of $241,092.54. Following the transaction, the insider now owns 916,795 shares in the company, valued at approximately $32,509,550.70. The disclosure for this sale can be found here. Insiders have sold a total of 43,609 shares of company stock worth $1,628,876 in the last 90 days. 5.84% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new stake in Ambarella during the 1st quarter worth approximately $213,000. Alps Advisors Inc. acquired a new stake in Ambarella during the 2nd quarter worth approximately $264,000. Marathon Capital Management acquired a new stake in Ambarella during the 2nd quarter worth approximately $270,000. Centaurus Financial Inc. acquired a new stake in Ambarella during the 2nd quarter worth approximately $280,000. Finally, Krane Funds Advisors LLC lifted its position in Ambarella by 70.0% during the 2nd quarter. Krane Funds Advisors LLC now owns 7,630 shares of the semiconductor company’s stock worth $295,000 after acquiring an additional 3,142 shares during the period. Hedge funds and other institutional investors own 70.31% of the company’s stock.

AMBA opened at $33.86 on Friday. Ambarella has a one year low of $31.41 and a one year high of $66.23. The stock has a market capitalization of $1.24 billion, a PE ratio of 61.56 and a beta of 1.06.

About Ambarella

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

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