Brokerages forecast that American Superconductor Co. (NASDAQ:AMSC) will post $14.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for American Superconductor’s earnings, with the lowest sales estimate coming in at $14.20 million and the highest estimate coming in at $15.10 million. American Superconductor posted sales of $16.20 million in the same quarter last year, which suggests a negative year over year growth rate of 10.3%. The business is scheduled to issue its next earnings report on Thursday, May 24th.

On average, analysts expect that American Superconductor will report full-year sales of $14.53 million for the current year, with estimates ranging from $49.10 million to $50.00 million. For the next year, analysts forecast that the business will report sales of $79.20 million per share, with estimates ranging from $74.40 million to $81.70 million. Zacks’ sales calculations are an average based on a survey of analysts that cover American Superconductor.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Monday, February 5th. The technology company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.17. American Superconductor had a negative net margin of 65.96% and a negative return on equity of 60.92%. The firm had revenue of $14.90 million for the quarter, compared to the consensus estimate of $17.19 million. During the same period in the prior year, the firm posted ($0.21) EPS. The firm’s revenue was down 45.0% compared to the same quarter last year.

A number of research analysts have commented on AMSC shares. Zacks Investment Research upgraded shares of American Superconductor from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Wednesday, November 15th. B. Riley restated a “hold” rating and issued a $6.00 price target on shares of American Superconductor in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.72.

American Superconductor (NASDAQ:AMSC) opened at $4.39 on Friday. American Superconductor has a 52 week low of $2.89 and a 52 week high of $7.75.

Institutional investors have recently bought and sold shares of the company. Wedbush Securities Inc. lifted its position in American Superconductor by 24.8% in the 4th quarter. Wedbush Securities Inc. now owns 57,660 shares of the technology company’s stock valued at $209,000 after purchasing an additional 11,453 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in American Superconductor in the 4th quarter valued at about $120,000. Dimensional Fund Advisors LP lifted its position in American Superconductor by 84.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 69,175 shares of the technology company’s stock valued at $314,000 after purchasing an additional 31,679 shares during the last quarter. GMT Capital Corp bought a new stake in American Superconductor in the 3rd quarter valued at about $141,000. Finally, Ardsley Advisory Partners lifted its position in American Superconductor by 413.3% in the 2nd 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 during the last quarter. Institutional investors 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.

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Earnings History and Estimates for American Superconductor (NASDAQ:AMSC)

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