Analysts See $0.04 EPS for EMCORE Corporation (EMKR)

January 13, 2018 - By Winifred Garcia

 Analysts See $0.04 EPS for EMCORE Corporation (EMKR)
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.
Portolan Management Limited Liability Com reported 0.85% in EMCORE Corporation (NASDAQ:EMKR). Wellington Management Gp Llp owns 2.66 million shares for 0.01% of their portfolio. Kempner Capital Mngmt Inc holds 15,000 shares or 0.08% of its portfolio. Vanguard Gru Inc reported 1.14M shares or 0% of all its holdings. Victory Mngmt Incorporated accumulated 0% or 217,325 shares. 320,000 are owned by Paw. Friess Assoc Ltd Co has invested 0.07% in EMCORE Corporation (NASDAQ:EMKR). Goldman Sachs Grp Inc stated it has 27,183 shares or 0% of all its holdings. Art Advsrs Ltd Liability Com reported 0.01% stake. 282,864 are held by Orca Inv Management Limited Liability Com. Bard Associate accumulated 18,300 shares. Kj Harrison Prtn stated it has 0.03% of its portfolio in EMCORE Corporation (NASDAQ:EMKR). Ariel Limited Co invested in 0.04% or 453,060 shares. Bnp Paribas Arbitrage has 0% invested in EMCORE Corporation (NASDAQ:EMKR) for 4,058 shares. Illinois-based Chicago Equity Ptnrs Ltd has invested 0.02% in EMCORE Corporation (NASDAQ:EMKR).

Since October 18, 2017, it had 0 insider buys, and 2 insider sales 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 $1.09 million giving it 42.03 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 decreased 3.93% or $0.275 during the last trading session, reaching $6.725. About 189,553 shares traded. EMCORE Corporation (NASDAQ:EMKR) has risen 148.03% since January 13, 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. B. Riley & Co downgraded the stock to “Neutral” rating in Thursday, June 29 report. Dougherty & Company maintained it with “Buy” rating and $10.50 target in Thursday, December 8 report. The stock has “Buy” rating by Lake Street on Tuesday, March 8. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Buy” rating by B. Riley & Co on Friday, February 5. Dougherty & Company initiated EMCORE Corporation (NASDAQ:EMKR) on Thursday, October 20 with “Buy” rating. Northland Capital maintained the stock with “Buy” rating in Monday, October 16 report. Dougherty & Company maintained EMCORE Corporation (NASDAQ:EMKR) rating on Wednesday, February 8. Dougherty & Company has “Buy” rating and $12 target. The stock of EMCORE Corporation (NASDAQ:EMKR) has “Outperform” rating given on Wednesday, December 9 by Northland Capital. The company was downgraded on Tuesday, December 5 by Northland Capital. The firm has “Buy” rating by Lake Street given on Wednesday, February 8.

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 $182.44 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 22.34 P/E ratio. The firm sells its products through direct sales force, application engineers, third party sales representatives, and distributors.

Another recent and important EMCORE Corporation (NASDAQ:EMKR) news was published by Globenewswire.com which published an article titled: “EMCORE Corporation to Report Fiscal 2017 Fourth Quarter and Year-End Results …” on November 28, 2017.

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