Kornit Digital Company Profile (NASDAQ:KRNT)

Kornit Digital trades on the NASDAQ under the ticker symbol "KRNT."

Kornit Digital Ltd. (NASDAQ:KRNT) announced its quarterly earnings results on Monday, August, 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.04. The company earned $28.59 million during the quarter, compared to the consensus estimate of $29.81 million. Kornit Digital had a positive return on equity of 7.05% and a negative net margin of 0.29%. Kornit Digital's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. View Kornit Digital's Earnings History.

Kornit Digital is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Kornit Digital.

7 brokers have issued twelve-month target prices for Kornit Digital's stock. Their predictions range from $20.00 to $26.00. On average, they expect Kornit Digital's share price to reach $22.33 in the next twelve months. View Analyst Ratings for Kornit Digital.

Here are some recent quotes from research analysts about Kornit Digital stock:

• 1. According to Zacks Investment Research, "Kornit Digital, Ltd. is engaged in developing, manufacturing and marketing industrial and commercial printing solutions. The company offers a portfolio of direct to garment printers from entry level to mass production; NeoPigment ink solutions; roll to roll printers and pretereatment systems and software for the garment and textile printing industry. Kornit Digital, Ltd. is headquartered in Rosh-Ha`Ayin, Israel. " (7/12/2017)
• 2. William Blair analysts commented, " We recently had the opportunity to tour Kornit's two facilities just north of Milwaukee, Wisconsin. The meeting included a presentation by Rich Thompson, president of Kornit's North American operation. We also saw the company's printers in action, including the Storm, Avalanche, Vulcan, and Allegro models. Given that product demonstrations were the primary focus of the meeting, we were not left with significant incremental information about Kornit. Nevertheless, we offer a few highlights from Mr. Thompson's presentation and our updated thoughts on the company... At 18, Kornit shares now trade at 35 times our 2017 adjusted EPS estimate of $0.51 and at 25 times our 2018 adjusted EPS estimate of $0.71. Given Kornit's strong double-digit revenue and earnings growth potential, differentiated product portfolio, strong management team, and long runway of opportunity in digital textile printing in general, we believe the current multiple is appropriate. The average forward P/E multiple for companies with financial and growth profiles comparable to Kornit's is about 25-30 times. Based on our expectation that the stock maintains the current next-12-months' multiple of about 30 times, and our preliminary forecast for EPS of about $0.90 in 2019, we continue to see material upside in the stock over the next 12-18 months and maintain an Outperform rating." (3/24/2017)
• 3. Stifel Nicolaus analysts commented, "After the market close Kornit reported 4Q16 results with revenue and pro forma EPS ahead of our and consensus estimates. Specifically, revenue and pro forma earnings were $34.0 million/$0.16 compared to our estimates of $33.0 million/$0.14 and consensus of $32.7 million/$0.13. Results were slightly above management's updated guidance provided on January 26th in conjunction with the company's follow-on equity offering. For the March quarter the company is targeting revenue growth of 32.4% y/y at the midpoint of the guidance range of $27.4 - $30.4 million, with the top-line behind our prior estimate of $30.0 million and consensus of $29.1 million. Kornit anticipates 1Q17 operating margin will be in the range of 2.0%-6.0%, with the mid-point of 4.0% behind our 8.3% expectation as the company sees a heavy level of tradeshows and marketing entering the year before opex growth should moderate - the company anticipates a meaningful uptick in operating margin exiting the year. We maintain our Buy rating as we believe the combination of Amazon growth, new products (Allegro and Vulcan focus), and gross margin tailwinds (ink and consumable sales and system upgrades driving services) represent a compelling investment." (2/15/2017)

Some companies that are related to Kornit Digital include Quad Graphics (QUAD), ScanSource (SCSC), Kadant (KAI), Lindsay Corporation (LNN), Briggs & Stratton Corporation (BGG), Hyster-Yale Materials Handling (HY), General Cable Corporation (BGC), CIRCOR International (CIR), Encore Wire Corporation (WIRE), H&E Equipment Services (HEES), TPI Composites (TPIC), NN (NNBR), Columbus McKinnon Corporation (CMCO), Ituran Location and Control (ITRN), Casella Waste Systems (CWST), Calgon Carbon Corporation (CCC), Global Brass and Copper Holdings (BRSS) and Landauer (LDR).

Kornit Digital's management team includes the folowing people:

• Gabi Seligsohn, Chief Executive Officer
• Guy Avidan, Chief Financial Officer
• Ofer Sandelson, Chief Operating Officer
• Gilad Yron, Executive Vice President of Global Business
• Nuriel Amir, Chief Technology Officer

(KRNT) raised $99 million in an initial public offering (IPO) on Thursday, April 2nd 2015. The company issued 7,100,000 shares at a price of $13.00-$15.00 per share. Barclays and Citigroup served as the underwriters for the IPO and William Blair, Stifel, Canaccord Genuity and Needham were co-managers.

Kornit Digital's stock is owned by a number of of retail and institutional investors. Top institutional investors include Gilder Gagnon Howe & Co. LLC (5.85%), Capital World Investors (4.15%), Stephens Investment Management Group LLC (3.89%), Senvest Management LLC (3.66%), Schroder Investment Management Group (3.26%) and Russell Investments Group Ltd. (2.55%). View Institutional Ownership Trends for Kornit Digital.

Kornit Digital's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Senvest Management LLC, Summit Partners Public Asset Management LLC, Federated Investors Inc. PA, Royce & Associates LP, TIAA CREF Investment Management LLC, Grandeur Peak Global Advisors LLC and Thompson Siegel & Walmsley LLC. View Insider Buying and Selling for Kornit Digital.

Kornit Digital's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Clal Insurance Enterprises Holdings Ltd, Stephens Investment Management Group LLC, Wasatch Advisors Inc., FMR LLC, Gilder Gagnon Howe & Co. LLC, Kornitzer Capital Management Inc. KS and Summit Creek Advisors LLC. View Insider Buying and Selling for Kornit Digital.

Shares of Kornit Digital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Kornit Digital stock can currently be purchased for approximately $15.00.