$16.60 Million in Sales Expected for American Superconductor Corporation (AMSC) This Quarter

Analysts expect that American Superconductor Corporation (NASDAQ:AMSC) will post $16.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for American Superconductor’s earnings. The lowest sales estimate is $16.20 million and the highest is $17.00 million. American Superconductor posted sales of $27.15 million in the same quarter last year, which suggests a negative year over year growth rate of 38.9%. The firm is scheduled to report its next quarterly earnings report on Monday, February 5th.

On average, analysts expect that American Superconductor will report full year sales of $16.60 million for the current financial year, with estimates ranging from $54.20 million to $67.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $87.10 million per share, with estimates ranging from $83.30 million to $94.50 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for American Superconductor.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.25. American Superconductor had a negative net margin of 50.90% and a negative return on equity of 58.10%. The business had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $10.93 million. During the same quarter last year, the company earned ($0.60) EPS. The company’s revenue for the quarter was down 40.3% compared to the same quarter last year.

AMSC has been the topic of a number of analyst reports. Cowen reaffirmed a “buy” rating and issued a $6.00 price objective (down previously from $7.50) on shares of American Superconductor in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of American Superconductor from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Tuesday, October 10th. Finally, FBR & Co reiterated a “hold” rating and issued a $6.00 target price on shares of American Superconductor in a research report on Wednesday, September 27th. One investment 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. The company currently has an average rating of “Buy” and a consensus target price of $6.82.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP grew its position in American Superconductor by 114.3% in the 2nd quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock valued at $1,706,000 after buying an additional 197,000 shares in the last quarter. Ardsley Advisory Partners grew its position in American Superconductor by 413.3% in the 2nd quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock valued at $6,436,000 after buying an additional 1,119,200 shares in the last quarter. AWM Investment Company Inc. grew its position in American Superconductor by 22.7% in the 2nd quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock valued at $7,018,000 after buying an additional 280,879 shares in the last quarter. Manatuck Hill Partners LLC bought a new position in American Superconductor in the 2nd quarter valued at about $1,617,000. Finally, Renaissance Technologies LLC boosted its position in shares of American Superconductor by 7.9% during the 1st quarter. Renaissance Technologies LLC now owns 459,588 shares of the technology company’s stock valued at $3,153,000 after purchasing an additional 33,700 shares in the last quarter. Hedge funds and other institutional investors own 28.51% of the company’s stock.

Shares of American Superconductor (NASDAQ:AMSC) opened at $3.24 on Monday. American Superconductor has a twelve month low of $2.89 and a twelve month high of $8.34.

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American Superconductor Company Profile

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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Earnings History and Estimates for American Superconductor (NASDAQ:AMSC)

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