American Superconductor (NASDAQ:AMSC) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

American Superconductor (NASDAQ:AMSC) announced its quarterly earnings results on Wednesday. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01), FiscalAI reports. American Superconductor had a return on equity of 27.41% and a net margin of 42.56%. The company had revenue of $94.04 million during the quarter, compared to the consensus estimate of $87.32 million. During the same period last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 42.8% on a year-over-year basis.

American Superconductor Trading Down 5.1%

American Superconductor stock traded down $1.42 during midday trading on Wednesday, reaching $26.26. 890,460 shares of the stock traded hands, compared to its average volume of 792,187. American Superconductor has a fifty-two week low of $24.08 and a fifty-two week high of $60.65. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 9.08 and a beta of 3.32. The firm has a fifty day moving average price of $28.57 and a two-hundred day moving average price of $35.08.

Analyst Ratings Changes

AMSC has been the subject of a number of recent research reports. Freedom Capital upgraded American Superconductor to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings cut American Superconductor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Roth Capital reiterated a “buy” rating and issued a $55.00 target price (down from $58.00) on shares of American Superconductor in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of American Superconductor from a “sell” rating to a “hold” rating in a report on Sunday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

American Superconductor Company Profile

American Superconductor Corporation (NASDAQ:AMSC) develops power-resiliency solutions that help electric utilities, industrial companies, renewable-energy developers and defense organizations improve the reliability, efficiency and performance of electrical systems. The company combines power electronics, software and engineering services to address challenges involving grid stability, power quality and renewable-energy integration.

AMSC’s Gridtec business offers solutions such as voltage-regulation and power-quality systems, grid interconnection technologies, and resilient-grid products designed to support electric transmission and distribution networks.