Equities research analysts expect Cray Inc. (NASDAQ:CRAY) to report earnings of $0.22 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Cray’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.20. Cray posted earnings per share of $1.38 during the same quarter last year, which would suggest a negative year-over-year growth rate of 84.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Cray will report full year earnings of ($1.01) per share for the current financial year, with EPS estimates ranging from ($1.02) to ($1.00). For the next year, analysts anticipate that the firm will report earnings of ($0.74) per share, with EPS estimates ranging from ($0.83) to ($0.65). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Cray.

CRAY has been the subject of a number of research reports. Zacks Investment Research downgraded Cray from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. KeyCorp restated a “buy” rating and issued a $24.00 target price on shares of Cray in a research note on Wednesday, November 1st. Craig Hallum upgraded Cray from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. BidaskClub downgraded Cray from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Wells Fargo & Co initiated coverage on Cray in a research note on Tuesday, November 14th. They issued an “outperform” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Cray has a consensus rating of “Buy” and an average target price of $26.80.

Cray (CRAY) opened at $22.90 on Friday. Cray has a 52 week low of $16.50 and a 52 week high of $26.65. The company has a market capitalization of $895.70, a P/E ratio of 316.43 and a beta of 1.53.

In other news, SVP Michael Charles Piraino sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $22.61, for a total transaction of $678,300.00. Following the completion of the transaction, the senior vice president now directly owns 72,384 shares in the company, valued at $1,636,602.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Charles A. Morreale sold 42,680 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $19.37, for a total value of $826,711.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,780 shares of company stock valued at $1,530,312. Insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC lifted its position in Cray by 106.0% in the third quarter. Zeke Capital Advisors LLC now owns 23,070 shares of the technology company’s stock worth $449,000 after purchasing an additional 11,872 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Cray by 6.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 210,134 shares of the technology company’s stock worth $4,088,000 after purchasing an additional 13,135 shares during the period. BNP Paribas Arbitrage SA lifted its position in Cray by 58.3% in the third quarter. BNP Paribas Arbitrage SA now owns 21,200 shares of the technology company’s stock worth $412,000 after purchasing an additional 7,807 shares during the period. Granite Investment Partners LLC acquired a new stake in Cray in the third quarter worth approximately $11,737,000. Finally, Bank of New York Mellon Corp lifted its position in Cray by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 1,311,088 shares of the technology company’s stock worth $25,502,000 after purchasing an additional 20,811 shares during the period. Hedge funds and other institutional investors own 96.24% of the company’s stock.

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About Cray

Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.

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