Equities analysts expect American Superconductor Co. (NASDAQ:AMSC - Get Rating) to post sales of $27.90 million for the current quarter, Zacks reports. Two analysts have provided estimates for American Superconductor's earnings. The lowest sales estimate is $27.50 million and the highest is $28.30 million. American Superconductor reported sales of $21.16 million in the same quarter last year, which would suggest a positive year over year growth rate of 31.9%. The business is expected to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that American Superconductor will report full-year sales of $108.00 million for the current financial year, with estimates ranging from $107.60 million to $108.40 million. For the next year, analysts anticipate that the business will report sales of $118.25 million, with estimates ranging from $117.80 million to $118.70 million. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research firms that follow American Superconductor.
Several equities analysts recently commented on AMSC shares. StockNews.com started coverage on American Superconductor in a report on Thursday, March 31st. They issued a "sell" rating on the stock. Zacks Investment Research lowered American Superconductor from a "hold" rating to a "sell" rating in a report on Wednesday, March 30th.
Several institutional investors have recently modified their holdings of AMSC. SG Americas Securities LLC purchased a new stake in American Superconductor in the 3rd quarter worth approximately $243,000. BlackRock Inc. boosted its position in American Superconductor by 1.8% during the 3rd quarter. BlackRock Inc. now owns 1,890,029 shares of the technology company's stock worth $27,556,000 after purchasing an additional 33,624 shares during the period. Barclays PLC lifted its holdings in American Superconductor by 285.7% in the 3rd quarter. Barclays PLC now owns 13,433 shares of the technology company's stock worth $195,000 after buying an additional 9,950 shares in the last quarter. Citigroup Inc. lifted its holdings in American Superconductor by 187.2% in the 3rd quarter. Citigroup Inc. now owns 3,791 shares of the technology company's stock worth $55,000 after buying an additional 2,471 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in American Superconductor by 334.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 213,921 shares of the technology company's stock worth $3,119,000 after buying an additional 164,728 shares in the last quarter. Hedge funds and other institutional investors own 58.19% of the company's stock.
Shares of NASDAQ AMSC opened at $5.15 on Friday. The firm has a market cap of $146.56 million, a price-to-earnings ratio of -6.36 and a beta of 1.37. American Superconductor has a 52-week low of $4.45 and a 52-week high of $19.43. The business's 50 day moving average is $7.12 and its two-hundred day moving average is $9.78.
American Superconductor Company Profile (Get Rating)
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.
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