Electronics for Imaging (EFII) Receives News Sentiment Score of 0.16
Headlines about Electronics for Imaging (NASDAQ:EFII) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Electronics for Imaging earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.4102503556168 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Analysts Anticipate Electronics for Imaging, Inc. (EFII) Will Post Quarterly Sales of $264.91 Million (americanbankingnews.com)
- Electronics for Imaging (EFII) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- Electronics For Imaging : Evolution Achieves High-end, Higher-volume Success with EFI VUTEk LED Hybrid Printer (4-traders.com)
- Zacks: Brokerages Expect Electronics for Imaging, Inc. (EFII) Will Announce Earnings of $0.54 Per Share (americanbankingnews.com)
- Electronics for Imaging, Inc. (EFII) Expected to Post Earnings of $0.54 Per Share (americanbankingnews.com)
Shares of Electronics for Imaging (NASDAQ:EFII) opened at $28.91 on Thursday. The company has a market capitalization of $1,328.23, a P/E ratio of 44.72 and a beta of 1.25. Electronics for Imaging has a 1-year low of $25.54 and a 1-year high of $51.15. The company has a current ratio of 2.63, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38.
Electronics for Imaging (NASDAQ:EFII) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.10). The firm had revenue of $248.36 million for the quarter, compared to the consensus estimate of $258.09 million. Electronics for Imaging had a net margin of 3.09% and a return on equity of 3.67%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. sell-side analysts expect that Electronics for Imaging will post 0.34 EPS for the current year.
Electronics for Imaging announced that its board has approved a stock buyback plan on Monday, September 11th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages have weighed in on EFII. William Blair downgraded Electronics for Imaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. Stifel Nicolaus lowered their target price on Electronics for Imaging from $49.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 27th. Barclays lowered their target price on Electronics for Imaging from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, October 27th. Loop Capital lowered their target price on Electronics for Imaging from $58.00 to $50.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price on shares of Electronics for Imaging in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.22.
In related news, CEO Guy Gecht sold 9,000 shares of Electronics for Imaging stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $42.76, for a total transaction of $384,840.00. Following the transaction, the chief executive officer now owns 364,885 shares of the company’s stock, valued at $15,602,482.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dan Maydan sold 6,500 shares of Electronics for Imaging stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $30.87, for a total value of $200,655.00. Following the transaction, the director now directly owns 33,310 shares in the company, valued at approximately $1,028,279.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,500 shares of company stock valued at $1,489,545. Corporate insiders own 1.88% of the company’s stock.
About Electronics for Imaging
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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