Brokerages forecast that Kornit Digital Ltd (NASDAQ:KRNT) will announce earnings of $0.06 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Kornit Digital’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.06. Kornit Digital reported earnings per share of $0.16 in the same quarter last year, which suggests a negative year over year growth rate of 62.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Kornit Digital will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.21. For the next year, analysts forecast that the firm will post earnings of $0.49 per share, with EPS estimates ranging from $0.45 to $0.53. Zacks’ EPS averages are an average based on a survey of research analysts that cover Kornit Digital.

Several equities research analysts have commented on the stock. BidaskClub lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Barclays set a $17.00 price objective on shares of Kornit Digital and gave the company a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Craig Hallum lowered their price objective on shares of Kornit Digital from $20.00 to $26.00 in a research note on Thursday, September 28th. Finally, Needham & Company LLC lowered their price objective on shares of Kornit Digital from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Kornit Digital has a consensus rating of “Hold” and an average target price of $18.67.

Shares of Kornit Digital (KRNT) traded down $0.30 during trading hours on Tuesday, hitting $15.75. 140,299 shares of the company’s stock traded hands, compared to its average volume of 336,592. Kornit Digital has a 12 month low of $12.05 and a 12 month high of $23.15. The firm has a market capitalization of $531.33, a price-to-earnings ratio of 78.75, a P/E/G ratio of 4.54 and a beta of 0.18.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stephens Investment Management Group LLC grew its position in Kornit Digital by 64.2% in the second quarter. Stephens Investment Management Group LLC now owns 1,269,012 shares of the industrial products company’s stock worth $24,555,000 after buying an additional 496,117 shares during the last quarter. First Washington CORP acquired a new position in Kornit Digital in the third quarter worth approximately $2,468,000. Parametric Portfolio Associates LLC grew its position in Kornit Digital by 97.4% in the second quarter. Parametric Portfolio Associates LLC now owns 78,516 shares of the industrial products company’s stock worth $1,519,000 after buying an additional 38,738 shares during the last quarter. Timpani Capital Management LLC grew its position in Kornit Digital by 40.8% in the second quarter. Timpani Capital Management LLC now owns 144,404 shares of the industrial products company’s stock worth $2,794,000 after buying an additional 41,836 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Kornit Digital by 57.1% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 948,856 shares of the industrial products company’s stock worth $14,517,000 after buying an additional 344,736 shares during the last quarter. Institutional investors and hedge funds own 78.84% of the company’s stock.

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About Kornit Digital

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.

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Earnings History and Estimates for Kornit Digital (NASDAQ:KRNT)

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