Zacks: Analysts Anticipate AudioEye, Inc. (NASDAQ:AEYE) to Announce -$0.33 EPS

Analysts expect that AudioEye, Inc. (NASDAQ:AEYEGet Rating) will post ($0.33) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for AudioEye’s earnings, with the lowest EPS estimate coming in at ($0.33) and the highest estimate coming in at ($0.32). AudioEye posted earnings of ($0.17) per share during the same quarter last year, which would indicate a negative year over year growth rate of 94.1%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that AudioEye will report full year earnings of ($1.32) per share for the current year, with EPS estimates ranging from ($1.39) to ($1.24). For the next year, analysts anticipate that the company will post earnings of ($1.10) per share, with EPS estimates ranging from ($1.21) to ($0.99). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover AudioEye.

AudioEye (NASDAQ:AEYEGet Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.11. AudioEye had a negative net margin of 58.75% and a negative return on equity of 78.85%. During the same period in the prior year, the firm posted ($0.27) earnings per share.

AEYE has been the topic of several analyst reports. HC Wainwright dropped their price target on shares of AudioEye from $17.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, January 20th. B. Riley dropped their price target on shares of AudioEye from $10.50 to $9.00 in a research note on Friday, May 6th. Finally, Zacks Investment Research upgraded shares of AudioEye from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th.

NASDAQ:AEYE opened at $3.32 on Monday. The company has a 50 day simple moving average of $5.47 and a two-hundred day simple moving average of $6.45. AudioEye has a 12 month low of $3.10 and a 12 month high of $20.94.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEYE. Cannell Capital LLC purchased a new position in shares of AudioEye during the 3rd quarter valued at $4,926,000. Marshall Wace LLP purchased a new position in shares of AudioEye during the 3rd quarter valued at $729,000. Morgan Stanley lifted its stake in shares of AudioEye by 217.1% during the 3rd quarter. Morgan Stanley now owns 88,665 shares of the company’s stock valued at $978,000 after buying an additional 60,707 shares in the last quarter. Must Asset Management Inc. purchased a new position in shares of AudioEye during the 3rd quarter valued at $459,000. Finally, Anchor Capital Advisors LLC lifted its stake in shares of AudioEye by 173.9% during the 1st quarter. Anchor Capital Advisors LLC now owns 61,747 shares of the company’s stock valued at $420,000 after buying an additional 39,200 shares in the last quarter. Institutional investors own 31.41% of the company’s stock.

About AudioEye (Get Rating)

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.

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