Zacks: Analysts Anticipate Research Frontiers Incorporated (REFR) Will Announce Quarterly Sales of $470,000.00

Analysts predict that Research Frontiers Incorporated (NASDAQ:REFR) will report $470,000.00 in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Research Frontiers’ earnings, with estimates ranging from $440,000.00 to $500,000.00. Research Frontiers reported sales of $310,000.00 in the same quarter last year, which indicates a positive year over year growth rate of 51.6%. The business is expected to announce its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Research Frontiers will report full-year sales of $470,000.00 for the current fiscal year, with estimates ranging from $1.66 million to $1.80 million. For the next year, analysts forecast that the company will post sales of $2.62 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Research Frontiers.

Research Frontiers (NASDAQ:REFR) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Research Frontiers had a negative net margin of 255.89% and a negative return on equity of 73.14%. The firm had revenue of $0.35 million for the quarter, compared to analyst estimates of $0.38 million.

A number of research firms have issued reports on REFR. Zacks Investment Research cut Research Frontiers from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Westpark Capital reiterated a “buy” rating on shares of Research Frontiers in a research report on Monday, May 8th. Finally, ValuEngine upgraded Research Frontiers from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th.

Shares of Research Frontiers (NASDAQ:REFR) opened at 1.22 on Tuesday. Research Frontiers has a one year low of $0.98 and a one year high of $3.32. The company’s market cap is $29.33 million. The firm’s 50-day moving average is $1.28 and its 200-day moving average is $1.42.

An institutional investor recently raised its position in Research Frontiers stock. Shufro Rose & Co. LLC raised its position in shares of Research Frontiers Incorporated (NASDAQ:REFR) by 1.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 132,950 shares of the technology company’s stock after buying an additional 2,200 shares during the period. Shufro Rose & Co. LLC owned about 0.55% of Research Frontiers worth $172,000 at the end of the most recent reporting period. 19.59% of the stock is owned by institutional investors.

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Research Frontiers Company Profile

Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.

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