Brokers Set Expectations for American Superconductor Corporation’s FY2020 Earnings (AMSC)

American Superconductor Corporation (NASDAQ:AMSC) – Stock analysts at Oppenheimer Holdings issued their FY2020 earnings per share estimates for American Superconductor Corporation in a research note issued on Wednesday. Oppenheimer Holdings analyst C. Rusch anticipates that the technology company will post earnings per share of ($0.27) for the year. Oppenheimer Holdings currently has a “Outperform” rating and a $7.50 target price on the stock.

Several other analysts have also issued reports on AMSC. FBR & Co reiterated an “outperform” rating and set a $9.00 price target (down previously from $11.00) on shares of American Superconductor Corporation in a research report on Friday, April 28th. Rodman & Renshaw reiterated a “buy” rating and set a $7.50 price target (down previously from $10.00) on shares of American Superconductor Corporation in a research report on Friday, April 28th. Cowen and Company reiterated an “outperform” rating and set a $8.00 price target (down previously from $10.50) on shares of American Superconductor Corporation in a research report on Friday, April 28th. HC Wainwright set a $8.00 price target on shares of American Superconductor Corporation and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Roth Capital set a $10.00 price target on shares of American Superconductor Corporation and gave the stock a “buy” rating in a research report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.43.

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Shares of American Superconductor Corporation (AMSC) opened at 3.23 on Friday. The firm’s 50-day moving average price is $3.91 and its 200-day moving average price is $5.32. American Superconductor Corporation has a 12-month low of $2.89 and a 12-month high of $8.55. The firm’s market capitalization is $60.05 million.

American Superconductor Corporation (NASDAQ:AMSC) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.97) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.06) by $0.09. The company had revenue of $8.92 million for the quarter, compared to the consensus estimate of $8.46 million. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The company’s quarterly revenue was down 33.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.64) earnings per share.

A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of American Superconductor Corporation during the fourth quarter worth $166,000. Renaissance Technologies LLC raised its stake in shares of American Superconductor Corporation by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 425,888 shares of the technology company’s stock worth $3,139,000 after buying an additional 7,800 shares in the last quarter. First Manhattan Co. raised its stake in shares of American Superconductor Corporation by 9.6% in the first quarter. First Manhattan Co. now owns 15,369 shares of the technology company’s stock worth $107,000 after buying an additional 1,350 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of American Superconductor Corporation by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 83,720 shares of the technology company’s stock worth $575,000 after buying an additional 1,635 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in shares of American Superconductor Corporation during the first quarter worth $1,182,000. Hedge funds and other institutional investors own 31.21% of the company’s stock.

About American Superconductor Corporation

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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

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