Equities analysts expect Ambarella Inc (NASDAQ:AMBA) to announce $0.04 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ambarella’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.02. Ambarella posted earnings of $0.45 per share during the same quarter last year, which indicates a negative year over year growth rate of 91.1%. The business is expected to announce its next earnings report after the market closes on Tuesday, March 5th.
According to Zacks, analysts expect that Ambarella will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.61 to $0.65. For the next year, analysts anticipate that the business will report earnings of $0.50 per share, with EPS estimates ranging from $0.35 to $1.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ambarella.
Get Ambarella alerts:Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, November 29th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.01). The company had revenue of $57.30 million for the quarter, compared to analyst estimates of $57.12 million. Ambarella had a negative return on equity of 5.35% and a negative net margin of 9.97%. Ambarella’s revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share.
A number of equities analysts recently issued reports on AMBA shares. Northland Securities started coverage on shares of Ambarella in a research report on Monday, October 29th. They set an “outperform” rating and a $38.00 price objective for the company. ValuEngine upgraded shares of Ambarella from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Roth Capital upped their price objective on shares of Ambarella to $40.00 and gave the stock a “neutral” rating in a research report on Friday, November 30th. Needham & Company LLC restated a “hold” rating on shares of Ambarella in a research report on Friday, November 30th. Finally, TheStreet cut shares of Ambarella from a “c-” rating to a “d” rating in a research report on Friday, November 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.75.
In other news, Director Christopher B. Paisley sold 1,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now directly owns 18,997 shares in the company, valued at $759,880. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Christopher Day sold 1,798 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $41.35, for a total transaction of $74,347.30. Following the sale, the vice president now owns 16,307 shares of the company’s stock, valued at $674,294.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,541 shares of company stock valued at $636,581. Corporate insiders own 5.84% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Stephens Inc. AR acquired a new stake in shares of Ambarella during the fourth quarter worth $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Ambarella during the fourth quarter worth $210,000. Paloma Partners Management Co acquired a new stake in shares of Ambarella during the fourth quarter worth $234,000. Fox Run Management L.L.C. acquired a new stake in shares of Ambarella during the fourth quarter worth $244,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Ambarella during the third quarter worth $288,000. Institutional investors own 75.99% of the company’s stock.
AMBA stock traded up $0.55 during trading on Wednesday, reaching $39.83. 246,677 shares of the company were exchanged, compared to its average volume of 451,196. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 72.42 and a beta of 1.03. Ambarella has a twelve month low of $30.00 and a twelve month high of $55.50.
Ambarella Company Profile
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
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