Equities research analysts expect American Superconductor Co. (NASDAQ:AMSC) to post ($0.35) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for American Superconductor’s earnings, with the highest EPS estimate coming in at ($0.32) and the lowest estimate coming in at ($0.37). American Superconductor reported earnings of ($0.21) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 66.7%. The firm is scheduled to report its next quarterly earnings report on Monday, February 5th.
According to Zacks, analysts expect that American Superconductor will report full year earnings of ($1.95) per share for the current financial year, with EPS estimates ranging from ($1.97) to ($1.92). For the next financial year, analysts anticipate that the firm will report earnings of ($0.72) per share, with EPS estimates ranging from ($0.84) to ($0.65). Zacks’ EPS averages are an average based on a survey of research analysts that cover American Superconductor.
American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.25. American Superconductor had a negative return on equity of 58.10% and a negative net margin of 50.90%. The company had revenue of $11.05 million during the quarter, compared to the consensus estimate of $10.93 million. During the same quarter in the prior year, the firm earned ($0.60) EPS. The company’s quarterly revenue was down 40.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP increased its stake in shares of American Superconductor by 114.3% in the second quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock worth $1,706,000 after acquiring an additional 197,000 shares during the last quarter. Ardsley Advisory Partners increased its stake in shares of American Superconductor by 413.3% in the second quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock worth $6,436,000 after acquiring an additional 1,119,200 shares during the last quarter. AWM Investment Company Inc. increased its stake in shares of American Superconductor by 22.7% in the second quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock worth $7,018,000 after acquiring an additional 280,879 shares during the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of American Superconductor in the second quarter worth $1,617,000. Finally, GMT Capital Corp acquired a new position in shares of American Superconductor in the third quarter worth $141,000. 28.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of American Superconductor (AMSC) traded up $0.05 during trading hours on Wednesday, reaching $3.56. 80,711 shares of the company’s stock traded hands, compared to its average volume of 196,855. American Superconductor has a 52 week low of $2.89 and a 52 week high of $8.07. The firm has a market cap of $73.45, a P/E ratio of -1.79 and a beta of 0.90.
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American Superconductor Company Profile
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.
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