Equities research analysts expect that Carbonite Inc (NASDAQ:CARB) will announce earnings of $0.47 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Carbonite’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.38. Carbonite posted earnings per share of $0.45 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.4%. The business is expected to announce its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Carbonite will report full-year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.73 to $2.15. For the next year, analysts forecast that the company will report earnings of $2.19 per share, with EPS estimates ranging from $1.85 to $2.55. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Carbonite.

A number of analysts have issued reports on the stock. Royal Bank of Canada downgraded shares of Carbonite from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $25.00 to $23.00 in a report on Monday. William Blair restated a “market perform” rating on shares of Carbonite in a research report on Monday. Zacks Investment Research upgraded shares of Carbonite from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, July 25th. BidaskClub upgraded shares of Carbonite from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, ValuEngine cut shares of Carbonite from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Carbonite currently has a consensus rating of “Hold” and an average target price of $25.55.

NASDAQ CARB traded down $0.05 during trading on Tuesday, reaching $22.90. The company’s stock had a trading volume of 383,672 shares, compared to its average volume of 579,258. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $638.29 million, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.63 and a beta of 0.75. Carbonite has a 12 month low of $11.86 and a 12 month high of $30.06. The firm has a 50 day moving average price of $16.02 and a 200 day moving average price of $19.64.

Several large investors have recently modified their holdings of CARB. Mascoma Wealth Management LLC acquired a new position in Carbonite during the 2nd quarter worth approximately $44,000. NEXT Financial Group Inc acquired a new position in Carbonite during the 3rd quarter worth approximately $44,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Carbonite during the 2nd quarter worth approximately $78,000. Atria Investments LLC acquired a new position in Carbonite during the 2nd quarter worth approximately $78,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Carbonite during the 2nd quarter worth approximately $104,000.

About Carbonite

Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe, a cloud backup solution for individuals and businesses that protects customer data from accidental deletions, crashes, ransomware, viruses, and other common threats; and Carbonite Endpoint that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones.

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Earnings History and Estimates for Carbonite (NASDAQ:CARB)

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