Zacks: Rofin-Sinar Technologies Inc. (RSTI) Receives Average Rating of “Hold” from Brokerages
Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) has been given an average broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating.
Brokerages have set a 12 month consensus target price of $32.50 for the company and are predicting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also assigned Rofin-Sinar Technologies an industry rank of 84 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Rofin-Sinar Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday, September 1st.
Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in shares of Rofin-Sinar Technologies during the second quarter worth $102,000. Teacher Retirement System of Texas increased its stake in shares of Rofin-Sinar Technologies by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,971 shares of the company’s stock worth $127,000 after buying an additional 481 shares during the period. Mason Street Advisors LLC purchased a new stake in shares of Rofin-Sinar Technologies during the second quarter worth $177,000. Shufro Rose & Co. LLC purchased a new stake in shares of Rofin-Sinar Technologies during the first quarter worth $209,000. Finally, BlackRock Inc. increased its stake in shares of Rofin-Sinar Technologies by 285.0% in the second quarter. BlackRock Inc. now owns 7,234 shares of the company’s stock worth $231,000 after buying an additional 5,355 shares during the period. Hedge funds and other institutional investors own 88.14% of the company’s stock.
Rofin-Sinar Technologies (NASDAQ:RSTI) opened at 32.25 on Tuesday. Rofin-Sinar Technologies has a 12-month low of $19.02 and a 12-month high of $32.50. The stock has a market cap of $916.35 million, a price-to-earnings ratio of 27.61 and a beta of 1.98. The stock’s 50 day moving average price is $32.15 and its 200 day moving average price is $32.00.
Rofin-Sinar Technologies (NASDAQ:RSTI) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Rofin-Sinar Technologies had a return on equity of 7.04% and a net margin of 6.80%. The firm had revenue of $125.94 million for the quarter, compared to analyst estimates of $130.90 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Rofin-Sinar Technologies’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts forecast that Rofin-Sinar Technologies will post $1.12 EPS for the current fiscal year.
About Rofin-Sinar Technologies
ROFIN-SINAR Technologies Inc is engaged in the design, development, engineering, manufacturing and marketing of laser sources and laser-based system solutions for industrial material processing applications, which include primarily cutting, welding and marking a range of materials. The Company offers a range of laser components.
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