Equities analysts expect EMCORE Co. (NASDAQ:EMKR) to announce earnings per share (EPS) of ($0.11) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for EMCORE’s earnings. EMCORE reported earnings of ($0.18) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.9%. The firm is scheduled to report its next earnings results on Thursday, August 13th.

On average, analysts expect that EMCORE will report full year earnings of ($0.30) per share for the current year. For the next financial year, analysts anticipate that the firm will post earnings of $0.01 per share, with EPS estimates ranging from $0.00 to $0.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for EMCORE.

EMCORE (NASDAQ:EMKR) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.03). The firm had revenue of $23.85 million during the quarter, compared to analyst estimates of $23.37 million. EMCORE had a negative return on equity of 26.92% and a negative net margin of 35.04%.

A number of brokerages have commented on EMKR. Northland Securities restated a “buy” rating and issued a $5.00 target price on shares of EMCORE in a research note on Thursday, May 7th. Zacks Investment Research lowered EMCORE from a “hold” rating to a “sell” rating in a report on Friday, June 12th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. EMCORE presently has a consensus rating of “Buy” and an average target price of $4.68.

NASDAQ EMKR traded up $0.03 on Thursday, reaching $3.15. 5,202 shares of the stock traded hands, compared to its average volume of 73,680. EMCORE has a 12 month low of $1.46 and a 12 month high of $3.72. The firm’s fifty day simple moving average is $3.04 and its 200 day simple moving average is $2.91. The company has a market cap of $93.99 million, a price-to-earnings ratio of -2.84 and a beta of 0.84.

In other news, CEO Jeffrey Rittichier bought 15,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $3.12 per share, with a total value of $46,800.00. Following the completion of the purchase, the chief executive officer now owns 266,341 shares of the company’s stock, valued at $830,983.92. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in EMCORE by 14.3% during the first quarter. Russell Investments Group Ltd. now owns 36,594 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 4,571 shares during the last quarter. Group One Trading L.P. bought a new position in shares of EMCORE in the fourth quarter valued at about $142,000. Needham Investment Management LLC raised its position in shares of EMCORE by 19.5% in the fourth quarter. Needham Investment Management LLC now owns 490,000 shares of the semiconductor company’s stock valued at $1,490,000 after purchasing an additional 80,000 shares during the period. Cannell Capital LLC raised its position in shares of EMCORE by 31.8% in the fourth quarter. Cannell Capital LLC now owns 2,097,879 shares of the semiconductor company’s stock valued at $6,378,000 after purchasing an additional 505,949 shares during the period. Finally, Altium Wealth Management LLC bought a new position in shares of EMCORE in the first quarter valued at about $49,000. 55.63% of the stock is owned by hedge funds and other institutional investors.

EMCORE Company Profile

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.

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