Dougherty & Co Weighs in on CyberOptics Corporation’s Q3 2017 Earnings (CYBE)

CyberOptics Corporation (NASDAQ:CYBE) – Research analysts at Dougherty & Co lowered their Q3 2017 earnings estimates for shares of CyberOptics Corporation in a research report issued to clients and investors on Wednesday. Dougherty & Co analyst R. Ryan now expects that the scientific and technical instruments company will earn ($0.15) per share for the quarter, down from their previous forecast of $0.02. Dougherty & Co currently has a “Buy” rating and a $21.00 target price on the stock. Dougherty & Co also issued estimates for CyberOptics Corporation’s FY2017 earnings at $0.06 EPS and FY2018 earnings at $0.30 EPS.

CyberOptics Corporation (NASDAQ:CYBE) last issued its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). CyberOptics Corporation had a return on equity of 5.94% and a net margin of 14.32%. The business had revenue of $16.41 million for the quarter, compared to the consensus estimate of $16.02 million.

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Other research analysts have also issued reports about the company. Craig Hallum reiterated a “buy” rating and issued a $20.00 price objective (down from $25.00) on shares of CyberOptics Corporation in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Lake Street Capital lowered their price objective on CyberOptics Corporation from $27.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, October 3rd. Finally, ValuEngine lowered CyberOptics Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. CyberOptics Corporation has an average rating of “Buy” and a consensus target price of $18.67.

Shares of CyberOptics Corporation (CYBE) opened at 11.75 on Monday. The company’s 50 day moving average price is $14.73 and its 200-day moving average price is $19.92. CyberOptics Corporation has a 52 week low of $11.35 and a 52 week high of $41.18. The company has a market capitalization of $81.91 million, a price-to-earnings ratio of 10.32 and a beta of -0.33.

CyberOptics Corporation declared that its board has approved a stock repurchase program on Monday, October 2nd that permits the company to buyback $3.00 million in shares. This buyback authorization permits the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Partners Fund LP boosted its position in shares of CyberOptics Corporation by 96.5% during the first quarter. FNY Partners Fund LP now owns 5,867 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 2,882 shares during the period. UBS Group AG boosted its position in shares of CyberOptics Corporation by 26.4% during the first quarter. UBS Group AG now owns 15,170 shares of the scientific and technical instruments company’s stock worth $393,000 after buying an additional 3,170 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of CyberOptics Corporation during the first quarter worth $435,000. Royce & Associates LP boosted its position in shares of CyberOptics Corporation by 42.4% during the second quarter. Royce & Associates LP now owns 386,600 shares of the scientific and technical instruments company’s stock worth $7,983,000 after buying an additional 115,100 shares during the period. Finally, Heartland Advisors Inc. purchased a new position in shares of CyberOptics Corporation during the second quarter worth $2,065,000. Institutional investors and hedge funds own 60.86% of the company’s stock.

About CyberOptics Corporation

Cyberoptics Corporation is a developer and manufacturer of sensing technology solutions. The Company’s products and services are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. Its products are sold into the electronics assembly, dynamic random access memory (DRAM) and flash memory, and semiconductor fabrication capital equipment markets.

Earnings History and Estimates for CyberOptics Corporation (NASDAQ:CYBE)

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