Equities research analysts forecast that Mimecast Ltd (NASDAQ:MIME) will announce earnings per share (EPS) of $0.03 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Mimecast’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.05. The firm is expected to issue its next earnings results after the market closes on Thursday, November 8th.

On average, analysts expect that Mimecast will report full-year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.15 to $0.28. For the next financial year, analysts anticipate that the company will post earnings of $0.43 per share, with EPS estimates ranging from $0.29 to $0.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Mimecast.

Mimecast (NASDAQ:MIME) last released its quarterly earnings data on Thursday, August 9th. The technology company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $78.40 million for the quarter, compared to analyst estimates of $76.71 million. Mimecast had a negative return on equity of 11.41% and a negative net margin of 5.55%. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share.

A number of equities analysts have weighed in on MIME shares. BidaskClub raised Mimecast from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research raised Mimecast from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, July 11th. Goldman Sachs Group raised Mimecast from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 20th. Deutsche Bank boosted their price objective on Mimecast to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, Monness Crespi & Hardt raised Mimecast from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, September 13th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Mimecast presently has an average rating of “Buy” and an average price target of $45.08.

NASDAQ MIME traded up $3.15 on Friday, reaching $35.15. 854,378 shares of the company were exchanged, compared to its average volume of 353,521. The firm has a market capitalization of $2.50 billion, a P/E ratio of -185.00 and a beta of 0.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.41 and a current ratio of 1.41. Mimecast has a fifty-two week low of $26.50 and a fifty-two week high of $46.87.

In other news, COO Edward Vincent Jennings sold 7,500 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $41.52, for a total value of $311,400.00. Following the transaction, the chief operating officer now owns 7,500 shares of the company’s stock, valued at approximately $311,400. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Peter Andrew James Campbell sold 30,000 shares of the company’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $42.09, for a total value of $1,262,700.00. Following the completion of the transaction, the chief financial officer now directly owns 250,000 shares in the company, valued at approximately $10,522,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,726 shares of company stock worth $12,339,835. Corporate insiders own 29.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in MIME. BlackRock Inc. lifted its stake in shares of Mimecast by 309.7% in the 1st quarter. BlackRock Inc. now owns 22,453 shares of the technology company’s stock valued at $796,000 after purchasing an additional 16,972 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Mimecast by 49.5% in the 1st quarter. JPMorgan Chase & Co. now owns 413,427 shares of the technology company’s stock valued at $14,648,000 after buying an additional 136,827 shares during the period. Sei Investments Co. raised its holdings in shares of Mimecast by 72.3% in the 1st quarter. Sei Investments Co. now owns 3,473 shares of the technology company’s stock valued at $123,000 after buying an additional 1,457 shares during the period. Citadel Advisors LLC raised its holdings in shares of Mimecast by 31.4% in the 1st quarter. Citadel Advisors LLC now owns 58,392 shares of the technology company’s stock valued at $2,069,000 after buying an additional 13,968 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of Mimecast in the 1st quarter valued at $290,000. 68.04% of the stock is currently owned by institutional investors and hedge funds.

Mimecast Company Profile

Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.

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Earnings History and Estimates for Mimecast (NASDAQ:MIME)

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