Capstone Turbine (NASDAQ:CPST) Issues Earnings Results
Capstone Turbine (NASDAQ:CPST) posted its earnings results on Tuesday. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02), Fidelity Earnings reports. The business had revenue of $22.02 million during the quarter, compared to analyst estimates of $20.97 million. Capstone Turbine had a negative net margin of 17.76% and a negative return on equity of 57.76%.
NASDAQ CPST remained flat at $$0.77 during trading on Wednesday. 264 shares of the company’s stock were exchanged, compared to its average volume of 347,642. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 0.96. The firm has a market capitalization of $55.12 million, a PE ratio of -3.83 and a beta of 0.72. Capstone Turbine has a 1 year low of $0.55 and a 1 year high of $1.82.
Separately, Maxim Group reiterated a “buy” rating and issued a $2.00 target price on shares of Capstone Turbine in a research note on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $2.00.
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Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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