American Superconductor Co. (NASDAQ:AMSC) Expected to Post Earnings of -$0.16 Per Share

Wall Street analysts predict that American Superconductor Co. (NASDAQ:AMSCGet Rating) will post earnings per share of ($0.16) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for American Superconductor’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.17). American Superconductor posted earnings of ($0.21) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 23.8%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that American Superconductor will report full year earnings of ($0.61) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.60). For the next fiscal year, analysts expect that the business will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.57) to ($0.25). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover American Superconductor.

A number of brokerages have issued reports on AMSC. Zacks Investment Research lowered American Superconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. StockNews.com began coverage on American Superconductor in a research report on Thursday, March 31st. They set a “sell” rating for the company.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in American Superconductor by 8.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,191 shares of the technology company’s stock worth $179,000 after purchasing an additional 1,016 shares during the last quarter. Royal Bank of Canada raised its stake in shares of American Superconductor by 4.5% during the first quarter. Royal Bank of Canada now owns 50,048 shares of the technology company’s stock valued at $381,000 after acquiring an additional 2,136 shares in the last quarter. Citigroup Inc. raised its stake in shares of American Superconductor by 187.2% during the third quarter. Citigroup Inc. now owns 3,791 shares of the technology company’s stock valued at $55,000 after acquiring an additional 2,471 shares in the last quarter. Tatro Capital LLC raised its stake in shares of American Superconductor by 17.4% during the fourth quarter. Tatro Capital LLC now owns 21,711 shares of the technology company’s stock valued at $236,000 after acquiring an additional 3,219 shares in the last quarter. Finally, UBS Group AG increased its holdings in American Superconductor by 4,040.0% during the third quarter. UBS Group AG now owns 3,312 shares of the technology company’s stock valued at $49,000 after buying an additional 3,232 shares during the period. Institutional investors own 58.19% of the company’s stock.

AMSC stock traded up $0.10 during trading on Thursday, reaching $5.27. The company’s stock had a trading volume of 146,598 shares, compared to its average volume of 264,730. American Superconductor has a 1 year low of $4.45 and a 1 year high of $19.43. The company has a market capitalization of $149.97 million, a P/E ratio of -6.51 and a beta of 1.37. The company’s fifty day moving average is $6.79 and its 200-day moving average is $9.41.

American Superconductor Company Profile (Get Rating)

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.

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