Zacks: Brokerages Expect Electronics For Imaging, Inc. (EFII) Will Announce Quarterly Sales of $238.03 Million

Wall Street brokerages expect Electronics For Imaging, Inc. (NASDAQ:EFII) to report sales of $238.03 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Electronics For Imaging’s earnings, with the lowest sales estimate coming in at $235.86 million and the highest estimate coming in at $240.20 million. Electronics For Imaging posted sales of $261.07 million during the same quarter last year, which would indicate a negative year over year growth rate of 8.8%. The company is scheduled to announce its next quarterly earnings results on Monday, July 29th.

On average, analysts expect that Electronics For Imaging will report full-year sales of $990.59 million for the current fiscal year, with estimates ranging from $976.78 million to $1.02 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.03 billion, with estimates ranging from $1.00 billion to $1.05 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Electronics For Imaging.

A number of analysts have recently weighed in on EFII shares. Citigroup increased their price objective on Electronics For Imaging from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BidaskClub raised Electronics For Imaging from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. TheStreet raised Electronics For Imaging from a “d+” rating to a “c-” rating in a research note on Monday, April 15th. Needham & Company LLC lowered Electronics For Imaging from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Zacks Investment Research raised Electronics For Imaging from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Electronics For Imaging presently has a consensus rating of “Hold” and a consensus target price of $31.69.

Hedge funds have recently made changes to their positions in the stock. Pearl River Capital LLC purchased a new stake in Electronics For Imaging in the fourth quarter worth $32,000. Premia Global Advisors LLC purchased a new position in Electronics For Imaging in the 1st quarter worth approximately $42,000. NumerixS Investment Technologies Inc lifted its holdings in Electronics For Imaging by 2,100.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,200 shares of the technology company’s stock worth $58,000 after purchasing an additional 2,100 shares in the last quarter. Cowen Prime Services LLC purchased a new position in Electronics For Imaging in the 4th quarter worth approximately $119,000. Finally, Neuburgh Advisers LLC lifted its holdings in Electronics For Imaging by 23.9% in the 4th quarter. Neuburgh Advisers LLC now owns 6,952 shares of the technology company’s stock worth $172,000 after purchasing an additional 1,342 shares in the last quarter.

NASDAQ:EFII opened at $36.96 on Tuesday. The company has a market cap of $1.59 billion, a PE ratio of -1,848.00 and a beta of 1.26. Electronics For Imaging has a fifty-two week low of $19.76 and a fifty-two week high of $38.33. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 0.20.

Electronics For Imaging Company Profile

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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