Brokerages expect Energous Corporation (NASDAQ:WATT) to post ($0.57) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Energous Corporation’s earnings, with the lowest EPS estimate coming in at ($0.61) and the highest estimate coming in at ($0.52). Energous Corporation also posted earnings per share of ($0.57) during the same quarter last year. The business is expected to issue its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Energous Corporation will report full year earnings of ($2.06) per share for the current financial year, with EPS estimates ranging from ($2.45) to ($1.57). For the next fiscal year, analysts expect that the business will post earnings of $0.49 per share, with EPS estimates ranging from $0.18 to $0.80. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Energous Corporation.

Energous Corporation (NASDAQ:WATT) last issued its earnings results on Tuesday, August 8th. The industrial products company reported ($0.63) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.63). The business had revenue of $0.30 million during the quarter, compared to analysts’ expectations of $0.43 million. Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Energous Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Roth Capital set a $23.00 target price on shares of Energous Corporation and gave the stock a “buy” rating in a research report on Monday, August 7th. ValuEngine downgraded shares of Energous Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $18.00 target price on shares of Energous Corporation in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.75.

Shares of Energous Corporation (NASDAQ:WATT) traded up 2.24% during mid-day trading on Friday, hitting $9.59. The stock had a trading volume of 549,363 shares. The stock’s market capitalization is $210.01 million. The stock’s 50-day moving average price is $13.80 and its 200-day moving average price is $14.80. Energous Corporation has a 12-month low of $8.91 and a 12-month high of $20.55.

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In related news, VP Cesar Johnston sold 9,699 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $9.40, for a total transaction of $91,170.60. Following the transaction, the vice president now directly owns 106,025 shares in the company, valued at $996,635. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Gaulding sold 2,140 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $15.85, for a total transaction of $33,919.00. Following the transaction, the director now owns 86,155 shares in the company, valued at $1,365,556.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,512 shares of company stock valued at $618,776. 6.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Energous Corporation by 4.2% in the fourth quarter. State Street Corp now owns 229,297 shares of the industrial products company’s stock valued at $3,862,000 after buying an additional 9,216 shares during the period. Teachers Advisors LLC boosted its position in Energous Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 25,778 shares of the industrial products company’s stock valued at $434,000 after buying an additional 1,665 shares during the period. Creative Planning boosted its position in Energous Corporation by 7.2% in the first quarter. Creative Planning now owns 8,990 shares of the industrial products company’s stock valued at $140,000 after buying an additional 600 shares during the period. Wells Fargo & Company MN boosted its position in Energous Corporation by 75.6% in the first quarter. Wells Fargo & Company MN now owns 30,217 shares of the industrial products company’s stock valued at $472,000 after buying an additional 13,013 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Energous Corporation by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 51,881 shares of the industrial products company’s stock valued at $809,000 after buying an additional 4,117 shares during the period. Institutional investors and hedge funds own 36.84% of the company’s stock.

About Energous Corporation

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.

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Earnings History and Estimates for Energous Corporation (NASDAQ:WATT)

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