$0.26 Earnings Per Share Expected for Kornit Digital Ltd. (NASDAQ:KRNT) This Quarter

Wall Street analysts expect that Kornit Digital Ltd. (NASDAQ:KRNTGet Rating) will announce earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Kornit Digital’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.27. Kornit Digital reported earnings per share of $0.22 during the same quarter last year, which suggests a positive year-over-year growth rate of 18.2%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Kornit Digital will report full-year earnings of $1.05 per share for the current year, with EPS estimates ranging from $0.95 to $1.14. For the next fiscal year, analysts forecast that the company will report earnings of $1.56 per share, with EPS estimates ranging from $1.55 to $1.57. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Kornit Digital.

Several equities research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Kornit Digital in a report on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research raised shares of Kornit Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Needham & Company LLC reduced their price objective on shares of Kornit Digital from $202.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Kornit Digital has a consensus rating of “Buy” and a consensus target price of $173.80.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its holdings in shares of Kornit Digital by 14.2% during the third quarter. Macquarie Group Ltd. now owns 1,139,513 shares of the industrial products company’s stock valued at $164,933,000 after acquiring an additional 142,048 shares during the period. Barclays PLC raised its holdings in shares of Kornit Digital by 186.5% during the third quarter. Barclays PLC now owns 17,780 shares of the industrial products company’s stock valued at $2,573,000 after acquiring an additional 11,575 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Kornit Digital by 182.2% during the fourth quarter. First Horizon Advisors Inc. now owns 604 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 390 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Kornit Digital during the fourth quarter valued at approximately $1,676,000. Finally, Foundry Partners LLC acquired a new stake in shares of Kornit Digital during the fourth quarter valued at approximately $413,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

KRNT stock traded down $2.13 during trading on Friday, hitting $40.68. The company had a trading volume of 739,894 shares, compared to its average volume of 1,014,200. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 339.03 and a beta of 1.91. The business has a 50 day moving average of $69.92 and a 200 day moving average of $105.37. Kornit Digital has a fifty-two week low of $31.01 and a fifty-two week high of $181.38.

Kornit Digital Company Profile (Get Rating)

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services.

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