Kornit Digital Ltd. (NASDAQ:KRNT) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Kornit Digital (NASDAQ:KRNT) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Kornit Digital had a negative net margin of 0.29% and a positive return on equity of 7.05%. The company had revenue of $28.59 million for the quarter, compared to the consensus estimate of $29.81 million. During the same period in the previous year, the firm earned $0.02 EPS. Kornit Digital’s revenue was up 19.4% on a year-over-year basis. On average, analysts expect Kornit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Kornit Digital Ltd. (KRNT) opened at $15.65 on Friday. Kornit Digital Ltd. has a 52-week low of $9.00 and a 52-week high of $23.15. The company has a market cap of $527.95, a PE ratio of 57.96, a price-to-earnings-growth ratio of 5.10 and a beta of 0.06.
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An institutional investor recently raised its position in Kornit Digital stock. State Street Corp lifted its holdings in Kornit Digital Ltd. (NASDAQ:KRNT) by 75.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,769 shares of the industrial products company’s stock after purchasing an additional 38,678 shares during the period. State Street Corp owned about 0.27% of Kornit Digital worth $1,738,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 76.93% of the company’s stock.
KRNT has been the topic of a number of recent analyst reports. Craig Hallum dropped their price target on shares of Kornit Digital from $20.00 to $26.00 in a research report on Thursday, September 28th. Needham & Company LLC dropped their price target on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Canaccord Genuity restated a “buy” rating and set a $18.00 price target (down from $24.00) on shares of Kornit Digital in a research report on Wednesday, September 27th. Stifel Nicolaus dropped their price target on shares of Kornit Digital from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Finally, BidaskClub downgraded shares of Kornit Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.83.
Kornit Digital Company Profile
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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