Brokerages Anticipate CyberOptics Co. (NASDAQ:CYBE) to Post $0.24 EPS

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Analysts expect CyberOptics Co. (NASDAQ:CYBE) to post $0.24 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for CyberOptics’ earnings. CyberOptics posted earnings per share of ($0.05) during the same quarter last year, which suggests a positive year over year growth rate of 580%. The business is expected to report its next earnings results on Wednesday, October 28th.

On average, analysts expect that CyberOptics will report full-year earnings of $0.68 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $0.74 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for CyberOptics.

CyberOptics (NASDAQ:CYBE) last released its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.17. CyberOptics had a net margin of 3.72% and a return on equity of 3.89%. The firm had revenue of $16.00 million during the quarter.

A number of research analysts have recently weighed in on CYBE shares. Craig Hallum increased their target price on shares of CyberOptics from $33.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Dougherty & Co downgraded shares of CyberOptics from a “buy” rating to a “neutral” rating in a report on Tuesday, June 9th. Zacks Investment Research downgraded shares of CyberOptics from a “buy” rating to a “hold” rating in a report on Wednesday, September 23rd. BidaskClub downgraded shares of CyberOptics from a “buy” rating to a “hold” rating in a report on Thursday, August 20th. Finally, Colliers Secur. downgraded shares of CyberOptics from a “buy” rating to a “neutral” rating in a report on Tuesday, June 9th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.00.

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in shares of CyberOptics during the 2nd quarter valued at $77,000. SG Americas Securities LLC bought a new position in shares of CyberOptics during the 2nd quarter valued at $122,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of CyberOptics during the 2nd quarter valued at $132,000. American International Group Inc. bought a new position in shares of CyberOptics during the 2nd quarter valued at $138,000. Finally, Marshall Wace North America L.P. bought a new position in shares of CyberOptics during the 1st quarter valued at $74,000. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Shares of CyberOptics stock traded down $0.71 on Monday, reaching $33.04. 94,107 shares of the company traded hands, compared to its average volume of 99,865. CyberOptics has a 52 week low of $12.77 and a 52 week high of $43.48. The company has a 50 day moving average of $32.43 and a 200 day moving average of $30.03. The firm has a market capitalization of $239.64 million, a PE ratio of 110.14, a PEG ratio of 3.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.55 and a quick ratio of 2.18.

CyberOptics Company Profile

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

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