$0.11 EPS Expected for EMCORE Corporation (EMKR)

November 20, 2017 – By Peter Erickson

Investors sentiment decreased to 1.18 in Q2 2017. Its down 0.51, from 1.69 in 2017Q1. It fall, as 12 investors sold EMCORE Corporation shares while 28 reduced holdings. 18 funds opened positions while 29 raised stakes. 19.95 million shares or 1.70% more from 19.62 million shares in 2017Q1 were reported.
Retail Bank Of America Corp De reported 36 shares. Federated Invsts Pa has invested 0% of its portfolio in EMCORE Corporation (NASDAQ:EMKR). California-based Clarivest Asset Mngmt Ltd Com has invested 0.01% in EMCORE Corporation (NASDAQ:EMKR). Argent Capital Mngmt Ltd Liability holds 454,750 shares or 0.19% of its portfolio. The Guernsey-based Airain Limited has invested 0.01% in EMCORE Corporation (NASDAQ:EMKR). 19,146 were accumulated by Wells Fargo And Co Mn. Ameritas Investment Prtnrs has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Millrace Asset holds 3.82% or 378,575 shares. Geode Cap Mgmt Ltd has invested 0% in EMCORE Corporation (NASDAQ:EMKR). Moreover, Wellington Mgmt Grp Inc Llp has 0.01% invested in EMCORE Corporation (NASDAQ:EMKR). The Oregon-based Orca Mgmt Limited has invested 2.04% in EMCORE Corporation (NASDAQ:EMKR). Citigroup reported 178 shares. Morgan Stanley, New York-based fund reported 153,090 shares. Friess Assocs Ltd Liability Corp accumulated 133,200 shares or 0.13% of the stock. Mufg Americas Holding invested in 400 shares or 0% of the stock.

Wall Street await EMCORE Corporation (NASDAQ:EMKR) to release earnings on December, 6. Analysts forecast EPS of $0.11, up exactly $0.03 or 37.50 % from 2014’s $0.08 EPS. The expected EMKR’s profit could reach $2.95M giving the stock 16.89 P/E in the case that $0.11 earnings per share is reported. After posting $0.09 EPS for the previous quarter, EMCORE Corporation’s analysts now forecast 22.22 % EPS growth. About 117,836 shares traded. EMCORE Corporation (NASDAQ:EMKR) has risen 148.03% since November 20, 2016 and is uptrending. It has outperformed by 131.33% the S&P500.

EMCORE Corporation (NASDAQ:EMKR) Ratings Coverage

Among 4 analysts covering Emcore (NASDAQ:EMKR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Emcore had 13 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Northland Capital with “Buy” on Monday, September 11. On Tuesday, July 28 the stock rating was initiated by Northland Capital with “Outperform”. The company was maintained on Thursday, December 8 by Dougherty & Company. As per Wednesday, February 8, the company rating was maintained by Lake Street. The firm earned “Buy” rating on Friday, February 5 by B. Riley & Co. Northland Capital maintained EMCORE Corporation (NASDAQ:EMKR) rating on Wednesday, December 9. Northland Capital has “Outperform” rating and $11 target. The stock of EMCORE Corporation (NASDAQ:EMKR) has “Neutral” rating given on Thursday, June 29 by B. Riley & Co. The firm has “Buy” rating by Dougherty & Company given on Wednesday, February 8. The company was maintained on Monday, October 16 by Northland Capital. The company was maintained on Monday, November 9 by Northland Capital.

EMCORE Corporation is engaged in designing and manufacturing indium phosphide optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. The company has market cap of $199.58 million. The Firm focuses on linear fiber optic transmission technology. It has a 26.21 P/E ratio. The Firm operates through Fiber Optics segment.

More notable recent EMCORE Corporation (NASDAQ:EMKR) news were published by: Globenewswire.com which released: “EMCORE Announces New Precision Fiber Optic Gyro-Based Inertial Measurement …” on September 11, 2017, also Globenewswire.com with their article: “EMCORE to Introduce New OBI Mitigated Radio Frequency over Glass Optical …” published on May 24, 2017, Globenewswire.com published: “EMCORE Selected as 2017 Raytheon Supplier Excellence Program Premier Award Winner” on May 04, 2017. More interesting news about EMCORE Corporation (NASDAQ:EMKR) were released by: Globenewswire.com and their article: “EMCORE Begins Customer Sampling of New OBI Mitigated RFoG Optical Networking …” published on October 17, 2017 as well as Globenewswire.com‘s news article titled: “EMCORE Introduces New EMCORE-Orionâ„¢ Series Fiber Optic Gyro-Based Micro …” with publication date: June 07, 2017.