Wall Street analysts expect EMCORE Co. (NASDAQ:EMKR) to report ($0.09) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for EMCORE’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.09). EMCORE reported earnings of $0.12 per share in the same quarter last year, which indicates a negative year over year growth rate of 175%. The business is scheduled to report its next quarterly earnings report on Tuesday, December 4th.

On average, analysts expect that EMCORE will report full-year earnings of ($0.29) per share for the current financial year, with EPS estimates ranging from ($0.40) to ($0.10). For the next financial year, analysts expect that the business will post earnings of $0.04 per share, with EPS estimates ranging from ($0.10) to $0.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for EMCORE.

EMCORE (NASDAQ:EMKR) last announced its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.18). The company had revenue of $17.72 million for the quarter, compared to analysts’ expectations of $18.02 million. EMCORE had a negative net margin of 10.45% and a negative return on equity of 6.84%.

Several brokerages recently weighed in on EMKR. Zacks Investment Research cut EMCORE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 8th. ValuEngine upgraded EMCORE from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. TheStreet cut EMCORE from a “c” rating to a “d+” rating in a research report on Thursday, August 2nd. Finally, Northland Securities cut EMCORE from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.00.

EMKR stock remained flat at $$4.50 during trading on Monday. The company had a trading volume of 168,981 shares, compared to its average volume of 117,293. The stock has a market capitalization of $122.35 million, a PE ratio of 11.54 and a beta of 0.29. EMCORE has a 52 week low of $4.40 and a 52 week high of $8.95.

Several institutional investors have recently bought and sold shares of the company. Ariel Investments LLC increased its position in shares of EMCORE by 15.3% in the second quarter. Ariel Investments LLC now owns 2,290,816 shares of the semiconductor company’s stock valued at $11,569,000 after buying an additional 304,256 shares in the last quarter. BlackRock Inc. increased its position in shares of EMCORE by 8.1% in the first quarter. BlackRock Inc. now owns 1,384,219 shares of the semiconductor company’s stock valued at $7,891,000 after buying an additional 103,967 shares in the last quarter. Cannell Capital LLC purchased a new stake in shares of EMCORE in the second quarter valued at approximately $4,371,000. P.A.W. Capital Corp increased its position in shares of EMCORE by 5.3% in the second quarter. P.A.W. Capital Corp now owns 700,000 shares of the semiconductor company’s stock valued at $3,535,000 after buying an additional 35,000 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of EMCORE in the second quarter valued at approximately $2,134,000. Institutional investors and hedge funds own 70.66% of the company’s stock.

EMCORE Company Profile

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.

Featured Article: Diversification Important in Investing

Get a free copy of the Zacks research report on EMCORE (EMKR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for EMCORE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCORE and related companies with MarketBeat.com's FREE daily email newsletter.