Equities analysts forecast that Electronics For Imaging, Inc. (NASDAQ:EFII) will post sales of $256.05 million for the current quarter, according to Zacks. Two analysts have provided estimates for Electronics For Imaging’s earnings, with the lowest sales estimate coming in at $255.74 million and the highest estimate coming in at $256.35 million. Electronics For Imaging reported sales of $269.16 million in the same quarter last year, which would suggest a negative year over year growth rate of 4.9%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, January 30th.

According to Zacks, analysts expect that Electronics For Imaging will report full year sales of $1.01 billion for the current fiscal year, with estimates ranging from $1.01 billion to $1.02 billion. For the next year, analysts forecast that the firm will report sales of $1.03 billion, with estimates ranging from $981.44 million to $1.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Electronics For Imaging.

Electronics For Imaging (NASDAQ:EFII) last issued its earnings results on Monday, October 29th. The technology company reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. The business had revenue of $257.10 million during the quarter, compared to analyst estimates of $263.24 million. Electronics For Imaging had a positive return on equity of 0.51% and a negative net margin of 2.27%. Electronics For Imaging’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Electronics For Imaging from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, October 16th. BidaskClub raised Electronics For Imaging from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. ValuEngine raised Electronics For Imaging from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Citigroup decreased their target price on Electronics For Imaging from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.52.

Large investors have recently made changes to their positions in the company. Laurion Capital Management LP purchased a new position in shares of Electronics For Imaging in the 3rd quarter valued at $5,690,000. Virginia Retirement Systems ET AL increased its holdings in shares of Electronics For Imaging by 61.0% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 27,700 shares of the technology company’s stock valued at $944,000 after acquiring an additional 10,500 shares during the period. Granite Investment Partners LLC increased its holdings in shares of Electronics For Imaging by 5.1% in the 3rd quarter. Granite Investment Partners LLC now owns 438,234 shares of the technology company’s stock valued at $14,935,000 after acquiring an additional 21,384 shares during the period. Crestline Management LP increased its holdings in shares of Electronics For Imaging by 207.9% in the 3rd quarter. Crestline Management LP now owns 120,777 shares of the technology company’s stock valued at $4,116,000 after acquiring an additional 81,549 shares during the period. Finally, Skyline Asset Management LP increased its holdings in shares of Electronics For Imaging by 5.7% in the 4th quarter. Skyline Asset Management LP now owns 502,200 shares of the technology company’s stock valued at $12,455,000 after acquiring an additional 26,900 shares during the period.

Shares of NASDAQ EFII opened at $24.97 on Friday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 92.48, a PEG ratio of 28.03 and a beta of 1.01. Electronics For Imaging has a twelve month low of $19.76 and a twelve month high of $35.62.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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