Wall Street analysts forecast that SeaChange International, Inc. (NASDAQ:SEAC) will announce ($0.10) earnings per share for the current quarter, Zacks reports. Zero analysts have issued estimates for SeaChange International's earnings. SeaChange International reported earnings of $0.13 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 176.9%. The firm is expected to announce its next quarterly earnings report on Monday, April 5th.
On average, analysts expect that SeaChange International will report full year earnings of ($0.49) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report earnings of ($0.28) per share. Zacks Investment Research's EPS averages are an average based on a survey of sell-side research analysts that follow SeaChange International.
SeaChange International (NASDAQ:SEAC) last posted its quarterly earnings results on Wednesday, December 9th. The software maker reported ($0.10) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.13) by $0.03. The business had revenue of $4.97 million during the quarter. SeaChange International had a negative net margin of 48.18% and a negative return on equity of 25.60%.
Separately, Zacks Investment Research raised shares of SeaChange International from a "sell" rating to a "hold" rating in a research report on Wednesday, February 3rd.
Several hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its stake in shares of SeaChange International by 107.4% during the third quarter. WINTON GROUP Ltd now owns 33,144 shares of the software maker's stock valued at $29,000 after buying an additional 17,163 shares during the period. GSA Capital Partners LLP raised its stake in SeaChange International by 178.6% during the third quarter. GSA Capital Partners LLP now owns 106,194 shares of the software maker's stock worth $92,000 after purchasing an additional 68,074 shares during the period. Squarepoint Ops LLC raised its stake in shares of SeaChange International by 201.7% in the 3rd quarter. Squarepoint Ops LLC now owns 159,525 shares of the software maker's stock valued at $139,000 after acquiring an additional 106,658 shares during the period. State Street Corp grew its holdings in SeaChange International by 18.6% during the 3rd quarter. State Street Corp now owns 403,603 shares of the software maker's stock valued at $351,000 after purchasing an additional 63,400 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in SeaChange International by 140.9% during the 4th quarter. JPMorgan Chase & Co. now owns 78,946 shares of the software maker's stock worth $111,000 after acquiring an additional 46,181 shares in the last quarter. Institutional investors and hedge funds own 25.24% of the company's stock.
Shares of SEAC stock opened at $1.42 on Tuesday. SeaChange International has a 12 month low of $0.69 and a 12 month high of $4.33. The company has a market cap of $53.45 million, a P/E ratio of -3.09 and a beta of 0.81. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $1.32 and a 200 day moving average price of $1.09.
SeaChange International Company Profile
SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices.
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