Brokerages Expect American Superconductor Co. (AMSC) Will Post Quarterly Sales of $14.85 Million

Equities research analysts expect American Superconductor Co. (NASDAQ:AMSC) to post $14.85 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for American Superconductor’s earnings. The highest sales estimate is $15.10 million and the lowest is $14.60 million. American Superconductor posted sales of $13.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10%. The company is expected to report its next quarterly earnings results on Wednesday, June 5th.

According to Zacks, analysts expect that American Superconductor will report full-year sales of $56.45 million for the current financial year, with estimates ranging from $56.20 million to $56.70 million. For the next financial year, analysts anticipate that the company will post sales of $71.15 million, with estimates ranging from $67.70 million to $74.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover American Superconductor.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings results on Tuesday, February 5th. The technology company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.18. The company had revenue of $14.13 million for the quarter, compared to the consensus estimate of $15.13 million. American Superconductor had a net margin of 52.83% and a negative return on equity of 25.54%.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BidaskClub downgraded shares of American Superconductor from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Oppenheimer increased their price target on shares of American Superconductor from $10.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, February 7th. Finally, B. Riley increased their price target on shares of American Superconductor to $11.00 and gave the stock a “neutral” rating in a research note on Friday, January 25th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $14.20.

Hedge funds have recently modified their holdings of the company. Royce & Associates LP raised its stake in shares of American Superconductor by 25.5% in the 4th quarter. Royce & Associates LP now owns 571,874 shares of the technology company’s stock valued at $6,376,000 after acquiring an additional 116,374 shares during the period. Worth Venture Partners LLC purchased a new position in shares of American Superconductor in the 3rd quarter valued at $660,000. D. E. Shaw & Co. Inc. raised its stake in shares of American Superconductor by 231.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 261,852 shares of the technology company’s stock valued at $2,919,000 after acquiring an additional 182,795 shares during the period. Vanguard Group Inc. raised its stake in shares of American Superconductor by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 754,598 shares of the technology company’s stock valued at $5,244,000 after acquiring an additional 15,850 shares during the period. Finally, Vanguard Group Inc raised its stake in shares of American Superconductor by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 754,598 shares of the technology company’s stock valued at $5,244,000 after acquiring an additional 15,850 shares during the period. 29.41% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:AMSC traded down $0.27 during trading hours on Friday, reaching $11.58. 409,000 shares of the company were exchanged, compared to its average volume of 396,670. The company has a market cap of $253.83 million, a P/E ratio of -6.29 and a beta of 1.12. American Superconductor has a 52-week low of $4.84 and a 52-week high of $16.44.

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.

Featured Article: Closed-End Mutual Funds (CEFs)

Get a free copy of the Zacks research report on American Superconductor (AMSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for American Superconductor (NASDAQ:AMSC)

Receive News & Ratings for American Superconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Superconductor and related companies with MarketBeat.com's FREE daily email newsletter.