Q2 2024 EPS Estimates for Profire Energy, Inc. (NASDAQ:PFIE) Lifted by Analyst

Profire Energy, Inc. (NASDAQ:PFIE) – Roth Capital raised their Q2 2024 earnings estimates for shares of Profire Energy in a research note issued on Monday, April 8th. Roth Capital analyst J. White now expects that the oil and gas company will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.04. The consensus estimate for Profire Energy’s current full-year earnings is $0.19 per share.

Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, March 13th. The oil and gas company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Profire Energy had a net margin of 18.51% and a return on equity of 20.13%. The firm had revenue of $14.38 million during the quarter, compared to analyst estimates of $14.99 million.

Profire Energy Price Performance

Profire Energy stock opened at $1.84 on Tuesday. The company’s fifty day moving average price is $1.62 and its 200 day moving average price is $1.78. Profire Energy has a 1 year low of $1.09 and a 1 year high of $3.29. The stock has a market capitalization of $98.14 million, a P/E ratio of 8.36 and a beta of 0.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.89.

Institutional Investors Weigh In On Profire Energy

A number of institutional investors have recently added to or reduced their stakes in PFIE. EAM Investors LLC acquired a new stake in Profire Energy in the 3rd quarter valued at $1,752,000. Ameriprise Financial Inc. boosted its stake in Profire Energy by 17.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,631,115 shares of the oil and gas company’s stock worth $3,263,000 after purchasing an additional 392,770 shares during the last quarter. AMH Equity Ltd acquired a new stake in Profire Energy during the 4th quarter worth $690,000. AWM Investment Company Inc. boosted its stake in Profire Energy by 15.9% during the 3rd quarter. AWM Investment Company Inc. now owns 2,596,156 shares of the oil and gas company’s stock worth $7,217,000 after purchasing an additional 355,998 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Profire Energy during the 3rd quarter worth $844,000. Institutional investors and hedge funds own 38.51% of the company’s stock.

Profire Energy Company Profile

Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.