$0.01 EPS Expected for Profire Energy, Inc. (PFIE) This Quarter
Equities research analysts expect Profire Energy, Inc. (NASDAQ:PFIE) to report earnings of $0.01 per share for the current quarter, Zacks reports. Two analysts have made estimates for Profire Energy’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.02. Profire Energy posted earnings per share of ($0.01) during the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The company is scheduled to announce its next earnings results on Monday, June 12th.
On average, analysts expect that Profire Energy will report full year earnings of $0.01 per share for the current year, with EPS estimates ranging from $0.01 to $0.02. For the next year, analysts forecast that the firm will post earnings of $0.06 per share, with EPS estimates ranging from $0.05 to $0.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Profire Energy.
PFIE has been the subject of a number of research reports. Chardan Capital reiterated a “buy” rating and issued a $2.15 price objective (up from $2.00) on shares of Profire Energy in a research report on Monday, March 13th. Zacks Investment Research lowered Profire Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 11th.
Shares of Profire Energy (NASDAQ:PFIE) traded up 1.53% during trading on Thursday, reaching $1.33. 122,643 shares of the company were exchanged. The stock has a 50-day moving average of $1.43 and a 200 day moving average of $1.32. Profire Energy has a 52-week low of $0.85 and a 52-week high of $1.72. The stock’s market capitalization is $67.36 million.
In other news, CEO Brenton W. Hatch sold 30,316 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $1.54, for a total transaction of $46,686.64. Following the completion of the transaction, the chief executive officer now directly owns 14,143,000 shares in the company, valued at approximately $21,780,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brenton W. Hatch sold 25,200 shares of the business’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $1.21, for a total value of $30,492.00. Following the transaction, the chief executive officer now owns 14,314,690 shares of the company’s stock, valued at $17,320,774.90. The disclosure for this sale can be found here. Insiders have sold a total of 368,559 shares of company stock valued at $503,762 over the last 90 days. Corporate insiders own 58.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of PFIE. Ladenburg Thalmann Financial Services Inc. bought a new position in Profire Energy during the fourth quarter valued at about $187,000. Renaissance Technologies LLC raised its position in Profire Energy by 49.4% in the fourth quarter. Renaissance Technologies LLC now owns 314,000 shares of the oil and gas company’s stock valued at $433,000 after buying an additional 103,800 shares during the last quarter. Perkins Capital Management Inc. raised its position in Profire Energy by 37.4% in the first quarter. Perkins Capital Management Inc. now owns 525,606 shares of the oil and gas company’s stock valued at $741,000 after buying an additional 143,125 shares during the last quarter. Northpointe Capital LLC raised its position in Profire Energy by 21.0% in the third quarter. Northpointe Capital LLC now owns 2,278,816 shares of the oil and gas company’s stock valued at $2,826,000 after buying an additional 394,998 shares during the last quarter. Finally, Royce & Associates LP raised its position in Profire Energy by 3.3% in the fourth quarter. Royce & Associates LP now owns 3,117,041 shares of the oil and gas company’s stock valued at $4,302,000 after buying an additional 100,000 shares during the last quarter. Institutional investors own 16.27% of the company’s stock.
About Profire Energy
Profire Energy, Inc is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels.
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