Mimecast Ltd (MIME) Expected to Announce Earnings of $0.06 Per Share

Analysts expect Mimecast Ltd (NASDAQ:MIME) to announce $0.06 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Mimecast’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.07. Mimecast posted earnings of $0.03 per share during the same quarter last year, which would suggest a positive year over year growth rate of 100%. The business is expected to issue its next earnings report after the market closes on Monday, February 11th.

On average, analysts expect that Mimecast will report full year earnings of $0.22 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.24. For the next fiscal year, analysts anticipate that the business will post earnings of $0.44 per share, with EPS estimates ranging from $0.37 to $0.58. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Mimecast.

Mimecast (NASDAQ:MIME) last posted its earnings results on Thursday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. Mimecast had a negative net margin of 5.44% and a negative return on equity of 10.33%. The business had revenue of $82.17 million for the quarter, compared to analyst estimates of $80.77 million. The firm’s revenue was up 30.2% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Mimecast from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, November 16th. BidaskClub lowered shares of Mimecast from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Monness Crespi & Hardt lowered their target price on shares of Mimecast from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. TheStreet raised shares of Mimecast from a “d+” rating to a “c” rating in a research note on Wednesday, November 21st. Finally, BMO Capital Markets lowered their target price on shares of Mimecast from $47.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Mimecast has an average rating of “Buy” and a consensus price target of $45.58.

MIME stock opened at $34.73 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.28 and a current ratio of 1.28. Mimecast has a 52-week low of $29.67 and a 52-week high of $46.87. The stock has a market cap of $2.09 billion, a PE ratio of -182.79 and a beta of 0.99.

In related news, CEO Peter Bauer sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $35.00, for a total value of $262,500.00. Following the transaction, the chief executive officer now directly owns 101,250 shares of the company’s stock, valued at approximately $3,543,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Neil Murray sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $35.58, for a total transaction of $889,500.00. Following the completion of the transaction, the insider now directly owns 2,406,665 shares in the company, valued at $85,629,140.70. The disclosure for this sale can be found here. Insiders sold a total of 159,703 shares of company stock worth $5,372,989 over the last ninety days. 29.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its stake in Mimecast by 131.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,661 shares of the technology company’s stock valued at $110,000 after buying an additional 1,511 shares in the last quarter. Simplex Trading LLC purchased a new position in Mimecast in the 3rd quarter valued at about $183,000. First Republic Investment Management Inc. purchased a new position in Mimecast in the 3rd quarter valued at about $203,000. PEAK6 Investments LLC purchased a new position in Mimecast in the 3rd quarter valued at about $210,000. Finally, Advisors Asset Management Inc. purchased a new position in Mimecast in the 2nd quarter valued at about $238,000. 70.58% of the stock is currently owned by hedge funds and other institutional investors.

About Mimecast

Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.

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Earnings History and Estimates for Mimecast (NASDAQ:MIME)

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