Equities research analysts predict that SeaChange International, Inc. (NASDAQ:SEAC) will post ($0.07) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for SeaChange International’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.04). SeaChange International reported earnings of ($0.24) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 70.8%. The business is scheduled to announce its next quarterly earnings report on Thursday, September 7th.

According to Zacks, analysts expect that SeaChange International will report full-year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.10) to ($0.07). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow SeaChange International.

SeaChange International (NASDAQ:SEAC) last announced its quarterly earnings results on Tuesday, June 6th. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.12. The company had revenue of $16.67 million for the quarter, compared to analysts’ expectations of $16.88 million. SeaChange International had a negative net margin of 85.83% and a negative return on equity of 20.62%. The business’s quarterly revenue was down 22.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.20) earnings per share.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of SeaChange International from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of SeaChange International from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 8th.

Shares of SeaChange International (SEAC) traded up 0.38% during trading on Friday, hitting $2.64. 659 shares of the stock were exchanged. The stock’s market cap is $93.27 million. The firm’s 50 day moving average price is $2.76 and its 200-day moving average price is $2.55. SeaChange International has a 52 week low of $2.05 and a 52 week high of $3.36.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in SeaChange International by 17.7% in the second quarter. Ameriprise Financial Inc. now owns 460,177 shares of the software maker’s stock worth $1,224,000 after buying an additional 69,045 shares during the period. Bank of New York Mellon Corp raised its position in SeaChange International by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 213,810 shares of the software maker’s stock worth $569,000 after buying an additional 1,918 shares during the period. Eidelman Virant Capital raised its position in SeaChange International by 62.5% in the second quarter. Eidelman Virant Capital now owns 178,422 shares of the software maker’s stock worth $474,000 after buying an additional 68,609 shares during the period. Tower Research Capital LLC TRC raised its position in SeaChange International by 59.1% in the first quarter. Tower Research Capital LLC TRC now owns 51,250 shares of the software maker’s stock worth $127,000 after buying an additional 19,045 shares during the period. Finally, King Luther Capital Management Corp raised its position in SeaChange International by 16.7% in the first quarter. King Luther Capital Management Corp now owns 70,000 shares of the software maker’s stock worth $174,000 after buying an additional 10,000 shares during the period. 76.57% of the stock is currently owned by hedge funds and other institutional investors.

SeaChange International Company Profile

SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.

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Earnings History and Estimates for SeaChange International (NASDAQ:SEAC)

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