Somewhat Positive News Coverage Somewhat Unlikely to Impact Electronics for Imaging (EFII) Stock Price
Headlines about Electronics for Imaging (NASDAQ:EFII) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Electronics for Imaging earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.3843155156246 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s rankings:
- Electronics for Imaging’s (EFII) “Sell” Rating Reaffirmed at Morgan Stanley (americanbankingnews.com)
- Electronics for Imaging (EFII) and Lexmark International (LXK) Critical Analysis (americanbankingnews.com)
- Scott+Scott, Attorneys at Law, LLP Reminds Investors of October 10th Lead Plaintiff Deadline in Securities Class Action Against Electronics For Imaging, Inc. (“EFII”) (finance.yahoo.com)
- EFII SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Electronics for Imaging, Inc. and a Lead Plaintiff Deadline of October 10, 2017 (finance.yahoo.com)
- APPROACHING DEADLINE: Khang & Khang LLP Announces Securities Class Action Lawsuit against Electronics for Imaging, Inc. and Reminds Investors with Losses to Contact the Firm (finance.yahoo.com)
Shares of Electronics for Imaging (EFII) traded up 0.14% during midday trading on Friday, hitting $41.44. The company had a trading volume of 380,199 shares. The stock has a 50 day moving average price of $36.33 and a 200 day moving average price of $44.82. Electronics for Imaging has a 1-year low of $25.54 and a 1-year high of $51.15. The firm has a market capitalization of $1.92 billion, a P/E ratio of 42.94 and a beta of 1.27.
Electronics for Imaging (NASDAQ:EFII) last released its earnings results on Monday, September 11th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The firm had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $247.65 million. Electronics for Imaging had a net margin of 4.70% and a return on equity of 5.58%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS. On average, equities analysts anticipate that Electronics for Imaging will post $2.43 EPS for the current fiscal year.
Electronics for Imaging announced that its Board of Directors has approved a stock repurchase program on Monday, September 11th that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have issued reports on the company. Morgan Stanley increased their target price on Electronics for Imaging from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Friday. ValuEngine upgraded Electronics for Imaging from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Barclays PLC restated a “buy” rating and set a $47.00 target price on shares of Electronics for Imaging in a research report on Thursday, September 14th. TheStreet downgraded Electronics for Imaging from a “b-” rating to a “c” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of Electronics for Imaging in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Electronics for Imaging currently has a consensus rating of “Buy” and an average price target of $51.10.
In other news, CEO Guy Gecht sold 13,746 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $48.21, for a total transaction of $662,694.66. Following the sale, the chief executive officer now directly owns 386,760 shares in the company, valued at approximately $18,645,699.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 45,458 shares of company stock worth $2,118,405. Corporate insiders own 1.88% of the company’s stock.
Electronics for Imaging Company Profile
Electronics For Imaging, Inc is engaged in digital printing, focused on the transformation of the printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog-based printing to digital on-demand printing. It operates through three segments. The Industrial Inkjet segment consists of its VUTEk and Matan super-wide and wide format display graphics, Reggiani textile, Jetrion label and packaging and Cretaprint ceramic tile decoration and construction material industrial digital inkjet printers; ceramic, water-based, and thermoforming ink, and digital inkjet printer parts, and professional services.
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