Equities Analysts Offer Predictions for American Superconductor Co.’s FY2018 Earnings (AMSC)

American Superconductor Co. (NASDAQ:AMSC) – Equities research analysts at B. Riley issued their FY2018 earnings per share estimates for shares of American Superconductor in a report issued on Monday. B. Riley analyst C. Driscoll expects that the technology company will post earnings of ($2.03) per share for the year. B. Riley currently has a “Hold” rating and a $6.00 target price on the stock. B. Riley also issued estimates for American Superconductor’s Q4 2018 earnings at ($0.32) EPS, Q1 2019 earnings at ($0.33) EPS, Q2 2019 earnings at ($0.28) EPS, Q3 2019 earnings at ($0.22) EPS, Q4 2019 earnings at ($0.14) EPS and FY2019 earnings at ($0.97) EPS.

American Superconductor (NASDAQ:AMSC) last announced its earnings results on Monday, February 5th. The technology company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.17. American Superconductor had a negative return on equity of 60.92% and a negative net margin of 65.96%. The business had revenue of $14.90 million during the quarter, compared to analysts’ expectations of $17.19 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The business’s revenue was down 45.0% compared to the same quarter last year.

Separately, Zacks Investment Research lowered American Superconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. American Superconductor currently has a consensus rating of “Hold” and an average price target of $6.72.

American Superconductor (NASDAQ:AMSC) traded down $0.34 during mid-day trading on Thursday, hitting $4.53. The stock had a trading volume of 110,782 shares, compared to its average volume of 397,988. The stock has a market capitalization of $89.84, a price-to-earnings ratio of -2.34 and a beta of 1.31. American Superconductor has a 1-year low of $2.89 and a 1-year high of $7.75.

Several hedge funds have recently bought and sold shares of AMSC. Dimensional Fund Advisors LP grew its position in shares of American Superconductor by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock valued at $173,000 after purchasing an additional 2,600 shares in the last quarter. AWM Investment Company Inc. grew its position 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 valued at $7,018,000 after purchasing an additional 280,879 shares in the last quarter. Ardsley Advisory Partners grew its position 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 valued at $6,436,000 after purchasing an additional 1,119,200 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in shares of American Superconductor in the third quarter valued at approximately $210,000. Finally, GMT Capital Corp purchased a new stake in shares of American Superconductor in the third quarter valued at approximately $141,000. Institutional investors and hedge funds own 28.91% of the company’s stock.

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About American Superconductor

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 (NASDAQ:AMSC)

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