Equities analysts expect Mimecast Ltd (NASDAQ:MIME) to report $0.06 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Mimecast’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.04. Mimecast reported earnings per share of $0.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is scheduled to report its next quarterly earnings report on Thursday, August 8th.

According to Zacks, analysts expect that Mimecast will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.56. For the next fiscal year, analysts forecast that the business will report earnings of $0.70 per share, with EPS estimates ranging from $0.55 to $0.86. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Mimecast.

Mimecast (NASDAQ:MIME) last posted its earnings results on Monday, May 13th. The technology company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02). Mimecast had a negative return on equity of 2.72% and a negative net margin of 2.06%. The business had revenue of $92.20 million during the quarter, compared to analyst estimates of $91.34 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The company’s revenue was up 25.6% on a year-over-year basis.

A number of equities research analysts recently weighed in on MIME shares. Zacks Investment Research upgraded shares of Mimecast from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Friday, February 15th. BidaskClub downgraded shares of Mimecast from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Bank of America began coverage on shares of Mimecast in a research report on Friday, April 12th. They issued a “buy” rating and a $60.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $65.00 price objective (up from $52.00) on shares of Mimecast in a research report on Monday, May 6th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $55.00 price objective (up from $52.00) on shares of Mimecast in a research report on Tuesday, May 14th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $54.31.

In related news, COO Edward Vincent Jennings sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $49.11, for a total value of $540,210.00. Following the completion of the transaction, the chief operating officer now directly owns 12,251 shares of the company’s stock, valued at approximately $601,646.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Neil Murray sold 139,496 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $46.64, for a total transaction of $6,506,093.44. Following the completion of the transaction, the director now directly owns 2,281,665 shares of the company’s stock, valued at $106,416,855.60. The disclosure for this sale can be found here. Insiders have sold a total of 278,746 shares of company stock valued at $13,072,636 over the last three months. Insiders own 29.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. lifted its stake in Mimecast by 33.6% in the 1st quarter. Advisor Group Inc. now owns 970 shares of the technology company’s stock worth $46,000 after purchasing an additional 244 shares in the last quarter. Roundview Capital LLC lifted its stake in Mimecast by 1.3% in the 1st quarter. Roundview Capital LLC now owns 20,836 shares of the technology company’s stock worth $987,000 after purchasing an additional 275 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Mimecast by 6.7% in the 1st quarter. Zions Bancorporation N.A. now owns 4,844 shares of the technology company’s stock worth $229,000 after purchasing an additional 305 shares in the last quarter. NumerixS Investment Technologies Inc lifted its stake in Mimecast by 19.5% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,390 shares of the technology company’s stock worth $114,000 after purchasing an additional 390 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Mimecast by 4.5% in the 1st quarter. Advisors Asset Management Inc. now owns 10,386 shares of the technology company’s stock worth $492,000 after purchasing an additional 445 shares in the last quarter. Institutional investors and hedge funds own 71.70% of the company’s stock.

MIME opened at $43.92 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75. Mimecast has a fifty-two week low of $29.67 and a fifty-two week high of $54.57. The stock has a market capitalization of $2.77 billion, a P/E ratio of -627.43, a price-to-earnings-growth ratio of 25.17 and a beta of 1.23.

About Mimecast

Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.

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Earnings History and Estimates for Mimecast (NASDAQ:MIME)

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