Analysts Expect Apyx Medical Corp (APYX) to Announce -$0.18 Earnings Per Share
Brokerages expect Apyx Medical Corp (NASDAQ:APYX) to announce ($0.18) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Apyx Medical’s earnings, with estimates ranging from ($0.18) to ($0.17). Apyx Medical posted earnings of ($0.03) per share in the same quarter last year, which would suggest a negative year over year growth rate of 500%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, May 8th.
According to Zacks, analysts expect that Apyx Medical will report full year earnings of ($0.71) per share for the current year, with EPS estimates ranging from ($0.73) to ($0.68). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.72) per share, with EPS estimates ranging from ($0.76) to ($0.68). Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Apyx Medical.
Apyx Medical (NASDAQ:APYX) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). Apyx Medical had a net margin of 206.55% and a negative return on equity of 8.95%. The firm had revenue of $5.93 million for the quarter, compared to the consensus estimate of $5.95 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. The company’s quarterly revenue was up 62.0% compared to the same quarter last year.
A hedge fund recently bought a new stake in Apyx Medical stock. Tibra Equities Europe Ltd bought a new stake in shares of Apyx Medical Corp (NASDAQ:APYX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 58,453 shares of the company’s stock, valued at approximately $369,000. Tibra Equities Europe Ltd owned 0.17% of Apyx Medical as of its most recent filing with the Securities and Exchange Commission. 39.93% of the stock is owned by institutional investors.
Shares of Apyx Medical stock traded up $0.18 on Friday, reaching $3.85. The stock had a trading volume of 517,553 shares, compared to its average volume of 630,456. Apyx Medical has a 1 year low of $3.32 and a 1 year high of $8.89. The company has a market cap of $131.05 million, a P/E ratio of -13.28 and a beta of 0.36.
Apyx Medical Company Profile
Apyx Medical Corporation, a medical technology company, manufactures and sells medical devices in the cosmetic and surgical markets worldwide. It operates through two segments, Advanced Energy and original equipment manufacturing (OEM). The company develops J-Plasma, a patented plasma-based surgical product for cutting, coagulation, and ablation of soft tissue.
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