$15.10 Million in Sales Expected for American Superconductor Co. (AMSC) This Quarter

Equities research analysts expect that American Superconductor Co. (NASDAQ:AMSC) will announce sales of $15.10 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for American Superconductor’s earnings, with estimates ranging from $15.00 million to $15.20 million. American Superconductor reported sales of $14.93 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The firm is expected to report its next quarterly earnings results on Monday, February 4th.

On average, analysts expect that American Superconductor will report full year sales of $60.80 million for the current fiscal year, with estimates ranging from $55.20 million to $67.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $76.63 million, with estimates ranging from $66.80 million to $86.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover American Superconductor.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. American Superconductor had a net margin of 13.55% and a negative return on equity of 30.78%. The business had revenue of $14.88 million during the quarter, compared to the consensus estimate of $13.90 million.

A number of research firms recently issued reports on AMSC. Craig Hallum boosted their target price on shares of American Superconductor to $15.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. ValuEngine upgraded shares of American Superconductor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. TheStreet upgraded shares of American Superconductor from a “d” rating to a “c+” rating in a research report on Friday, November 9th. Zacks Investment Research downgraded shares of American Superconductor from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Finally, Roth Capital boosted their target price on shares of American Superconductor from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, November 12th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. American Superconductor currently has an average rating of “Buy” and a consensus target price of $11.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in American Superconductor by 2.1% in the third quarter. Vanguard Group Inc. now owns 754,598 shares of the technology company’s stock worth $5,244,000 after buying an additional 15,850 shares during the last quarter. Worth Venture Partners LLC purchased a new stake in American Superconductor in the third quarter worth $660,000. Manatuck Hill Partners LLC purchased a new stake in American Superconductor in the third quarter worth $932,000. Royce & Associates LP increased its position in American Superconductor by 30.4% in the third quarter. Royce & Associates LP now owns 455,500 shares of the technology company’s stock worth $3,166,000 after buying an additional 106,200 shares during the last quarter. Finally, AWM Investment Company Inc. increased its position in American Superconductor by 19.4% in the third quarter. AWM Investment Company Inc. now owns 1,496,068 shares of the technology company’s stock worth $10,398,000 after buying an additional 243,154 shares during the last quarter. Institutional investors own 22.48% of the company’s stock.

NASDAQ AMSC traded up $0.43 on Friday, reaching $10.00. 256,044 shares of the company’s stock traded hands, compared to its average volume of 251,392. The company has a market capitalization of $213.64 million, a PE ratio of -5.43 and a beta of 1.33. American Superconductor has a fifty-two week low of $3.06 and a fifty-two week high of $10.00.

About American Superconductor

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.

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