Equities analysts predict that Cray Inc. (NASDAQ:CRAY) will post earnings per share of ($0.07) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cray’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.02). Cray reported earnings per share of $0.22 in the same quarter last year, which indicates a negative year-over-year growth rate of 131.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Cray will report full-year earnings of ($1.27) per share for the current financial year, with EPS estimates ranging from ($1.31) to ($1.22). For the next fiscal year, analysts forecast that the business will post earnings of ($0.74) per share, with EPS estimates ranging from ($0.96) to ($0.52). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Cray.

Cray (NASDAQ:CRAY) last announced its quarterly earnings data on Tuesday, October 30th. The technology company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.03). The company had revenue of $92.80 million during the quarter, compared to the consensus estimate of $90.58 million. Cray had a negative net margin of 33.95% and a negative return on equity of 10.56%. Cray’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.33) EPS.

Several brokerages have recently weighed in on CRAY. BidaskClub upgraded Cray from a “hold” rating to a “buy” rating in a report on Saturday, November 17th. Zacks Investment Research upgraded Cray from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Finally, ValuEngine upgraded shares of Cray from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cray currently has an average rating of “Buy” and a consensus price target of $31.00.

Shares of NASDAQ CRAY traded down $0.32 during mid-day trading on Thursday, hitting $21.71. The company had a trading volume of 206,879 shares, compared to its average volume of 283,910. The stock has a market capitalization of $911.07 million, a price-to-earnings ratio of -21.50 and a beta of 1.41. Cray has a one year low of $18.76 and a one year high of $28.60.

In related news, VP Brian C. Henry sold 18,667 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $24.19, for a total value of $451,554.73. Following the completion of the sale, the vice president now directly owns 87,939 shares in the company, valued at approximately $2,127,244.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Charles Piraino sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $25.09, for a total transaction of $501,800.00. Following the completion of the sale, the senior vice president now owns 68,230 shares of the company’s stock, valued at $1,711,890.70. The disclosure for this sale can be found here. Insiders sold a total of 69,185 shares of company stock valued at $1,748,654 over the last quarter. 4.10% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of CRAY. SG Americas Securities LLC acquired a new stake in Cray during the second quarter worth approximately $331,000. Russell Investments Group Ltd. lifted its position in Cray by 31.8% during the second quarter. Russell Investments Group Ltd. now owns 18,801 shares of the technology company’s stock worth $463,000 after acquiring an additional 4,532 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Cray by 5.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 318,462 shares of the technology company’s stock worth $7,835,000 after acquiring an additional 17,070 shares during the last quarter. BlackRock Inc. lifted its position in Cray by 5.7% during the second quarter. BlackRock Inc. now owns 5,520,714 shares of the technology company’s stock worth $135,810,000 after acquiring an additional 295,955 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Cray by 5.7% during the second quarter. Legal & General Group Plc now owns 86,444 shares of the technology company’s stock worth $2,133,000 after acquiring an additional 4,687 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Cray Company Profile

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

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