Brokerages Anticipate Kornit Digital Ltd (NASDAQ:KRNT) to Announce $0.16 Earnings Per Share

Wall Street analysts expect Kornit Digital Ltd (NASDAQ:KRNT) to report earnings per share (EPS) of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kornit Digital’s earnings, with estimates ranging from $0.14 to $0.18. Kornit Digital posted earnings per share of $0.13 in the same quarter last year, which would indicate a positive year over year growth rate of 23.1%. The company is scheduled to report its next earnings results after the market closes on Monday, November 18th.

On average, analysts expect that Kornit Digital will report full-year earnings of $0.43 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $0.84 per share, with EPS estimates ranging from $0.82 to $0.85. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Kornit Digital.

KRNT has been the topic of several research reports. ValuEngine upgraded shares of Kornit Digital from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub upgraded Kornit Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 27th. Stifel Nicolaus set a $35.00 price objective on Kornit Digital and gave the stock a “buy” rating in a report on Wednesday, August 7th. TheStreet upgraded Kornit Digital from a “c+” rating to a “b” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded Kornit Digital from a “strong sell” rating to a “hold” rating in a report on Saturday, August 24th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.00.

Shares of KRNT traded up $0.03 during midday trading on Monday, hitting $34.22. 272,100 shares of the stock traded hands, compared to its average volume of 156,044. The company has a debt-to-equity ratio of 0.04, a quick ratio of 6.35 and a current ratio of 7.23. The business’s 50 day moving average price is $32.77 and its two-hundred day moving average price is $29.88. Kornit Digital has a 1-year low of $16.10 and a 1-year high of $35.73. The firm has a market capitalization of $1.38 billion, a PE ratio of 142.58 and a beta of 1.11.

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A number of hedge funds and other institutional investors have recently bought and sold shares of KRNT. WINTON GROUP Ltd acquired a new stake in Kornit Digital during the 2nd quarter worth about $207,000. Winslow Evans & Crocker Inc. raised its holdings in Kornit Digital by 27.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 19,576 shares of the industrial products company’s stock worth $620,000 after buying an additional 4,156 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Kornit Digital by 63.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 710,874 shares of the industrial products company’s stock worth $22,506,000 after buying an additional 275,620 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in Kornit Digital during the 2nd quarter worth about $2,177,000. Finally, Artemis Investment Management LLP acquired a new stake in Kornit Digital during the 2nd quarter worth about $6,913,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Kornit Digital Company Profile

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. The company's solutions include digital printing systems, ink and other consumables, associated software, and value added services. It offers direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and value added services, such as maintenance and support, and professional services.

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