EPS for EMCORE Corporation (EMKR) Expected At $0.04

January 22, 2018 - By Kurt Siggers

 EPS for EMCORE Corporation (EMKR) Expected At $0.04
Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.08, from 1.18 in 2017Q2. It is negative, as 17 investors sold EMCORE Corporation shares while 24 reduced holdings. 15 funds opened positions while 30 raised stakes. 20.30 million shares or 1.74% more from 19.95 million shares in 2017Q2 were reported.
Manufacturers Life Insur The, Ontario – Canada-based fund reported 22,886 shares. 440,842 were accumulated by Millennium Limited Company. Wells Fargo & Mn invested in 0% or 29,911 shares. Commercial Bank Of America De stated it has 1,357 shares or 0% of all its holdings. Goldman Sachs Grp Inc Inc has 0% invested in EMCORE Corporation (NASDAQ:EMKR) for 27,183 shares. Highbridge Capital Management Ltd Llc holds 0% or 25,574 shares in its portfolio. Mufg Americas has 410 shares. Oberweis Asset Management Incorporated has 121,200 shares. Cortina Asset Mngmt Ltd Liability Co accumulated 625,527 shares or 0.21% of the stock. Kempner Capital stated it has 15,000 shares or 0.08% of all its holdings. Schwab Charles holds 0% or 50,590 shares. Royal Retail Bank Of Canada invested in 0% or 3,573 shares. Northern invested 0% of its portfolio in EMCORE Corporation (NASDAQ:EMKR). Rhumbline Advisers, a Massachusetts-based fund reported 32,992 shares. 197,880 are held by Morgan Stanley.

Since October 18, 2017, it had 0 buys, and 2 selling transactions for $426,072 activity.

Analysts expect EMCORE Corporation (NASDAQ:EMKR) to report $0.04 EPS on February, 6.They anticipate $0.06 EPS change or 60.00 % from last quarter’s $0.1 EPS. EMKR’s profit would be $1.09M giving it 44.06 P/E if the $0.04 EPS is correct. After having $0.09 EPS previously, EMCORE Corporation’s analysts see -55.56 % EPS growth. The stock increased 2.17% or $0.15 during the last trading session, reaching $7.05. About 295,284 shares traded. EMCORE Corporation (NASDAQ:EMKR) has risen 148.03% since January 22, 2017 and is uptrending. It has outperformed by 131.33% the S&P500.

EMCORE Corporation (NASDAQ:EMKR) Ratings Coverage

Among 5 analysts covering Emcore (NASDAQ:EMKR), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Emcore had 16 analyst reports since July 28, 2015 according to SRatingsIntel. Lake Street maintained it with “Buy” rating and $12 target in Wednesday, February 8 report. Northland Capital initiated EMCORE Corporation (NASDAQ:EMKR) on Tuesday, July 28 with “Outperform” rating. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Outperform” rating by Northland Capital on Wednesday, December 9. Northland Capital maintained the stock with “Buy” rating in Monday, October 16 report. The stock has “Buy” rating by Dougherty & Company on Thursday, December 8. As per Thursday, June 29, the company rating was downgraded by B. Riley & Co. The rating was initiated by Lake Street on Tuesday, March 8 with “Buy”. The stock has “Buy” rating by Northland Capital on Monday, September 11. The rating was maintained by Northland Capital with “Outperform” on Monday, November 9. B. Riley & Co maintained it with “Buy” rating and $9 target in Friday, February 5 report.

EMCORE Corporation, together with its subsidiaries, designs, makes, and sells indium phosphide optical chips, components, subsystems, and systems for the broadband and specialty fiber optics market worldwide. The company has market cap of $191.26 million. It offers DFB laser modules and diodes, laser and avalanche chips, optical receivers, and broadband photodiodes for use in telecommunication, cable television, fiber-to-the-premises, defense and homeland security, satellite communication and broadcast, and professional audio/video applications. It has a 23.42 P/E ratio. The firm sells its products through direct sales force, application engineers, third party sales representatives, and distributors.

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