Roth Capital Estimates Applied Digital FY2027 Earnings

Applied Digital Co. (NASDAQ:APLD - Free Report) - Roth Capital issued their FY2027 earnings per share (EPS) estimates for Applied Digital in a research note issued to investors on Tuesday, April 15th. Roth Capital analyst D. Aftahi anticipates that the company will post earnings per share of $0.12 for the year. The consensus estimate for Applied Digital's current full-year earnings is ($0.96) per share.

Applied Digital (NASDAQ:APLD - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Applied Digital had a negative net margin of 127.86% and a negative return on equity of 117.67%. The business had revenue of $52.92 million during the quarter, compared to the consensus estimate of $62.91 million. During the same period last year, the firm earned ($0.24) EPS.

Several other equities research analysts have also recently weighed in on APLD. Compass Point began coverage on Applied Digital in a research report on Tuesday, January 28th. They set a "buy" rating and a $10.00 price target on the stock. HC Wainwright lowered their target price on shares of Applied Digital from $12.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Northland Securities boosted their price target on shares of Applied Digital from $12.00 to $20.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald lowered their price objective on Applied Digital from $14.00 to $7.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Needham & Company LLC reduced their target price on Applied Digital from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Applied Digital currently has an average rating of "Buy" and a consensus price target of $10.67.

Applied Digital Stock Performance

Shares of NASDAQ APLD traded up $0.02 during mid-day trading on Thursday, hitting $3.97. The company had a trading volume of 23,033,064 shares, compared to its average volume of 28,188,961. The stock's 50-day moving average price is $6.78 and its 200-day moving average price is $7.78. The company has a market capitalization of $892.13 million, a price-to-earnings ratio of -2.29 and a beta of 5.18. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. Applied Digital has a 1 year low of $2.47 and a 1 year high of $12.48.

Institutional Investors Weigh In On Applied Digital

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Applied Digital by 39.1% during the fourth quarter. Vanguard Group Inc. now owns 12,760,035 shares of the company's stock valued at $97,487,000 after buying an additional 3,587,619 shares during the period. Van ECK Associates Corp boosted its holdings in Applied Digital by 113.8% during the 4th quarter. Van ECK Associates Corp now owns 4,404,313 shares of the company's stock valued at $33,649,000 after acquiring an additional 2,344,572 shares during the period. Tidal Investments LLC grew its position in Applied Digital by 14,635.7% during the 4th quarter. Tidal Investments LLC now owns 1,697,850 shares of the company's stock worth $12,972,000 after acquiring an additional 1,686,328 shares during the last quarter. American Century Companies Inc. purchased a new position in Applied Digital in the 4th quarter worth approximately $12,843,000. Finally, Geode Capital Management LLC lifted its position in Applied Digital by 54.4% in the fourth quarter. Geode Capital Management LLC now owns 4,726,495 shares of the company's stock valued at $36,117,000 after purchasing an additional 1,665,335 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.

About Applied Digital

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.