Wall Street analysts expect Research Frontiers, Inc. (NASDAQ:REFR) to announce earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Research Frontiers’ earnings. Research Frontiers reported earnings per share of ($0.05) during the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The firm is expected to report its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Research Frontiers will report full year earnings of ($0.15) per share for the current financial year, with EPS estimates ranging from ($0.15) to ($0.14). For the next financial year, analysts expect that the business will post earnings of ($0.12) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Research Frontiers.
Research Frontiers (NASDAQ:REFR) last announced its earnings results on Thursday, May 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Research Frontiers had a negative net margin of 349.96% and a negative return on equity of 62.47%. The company earned $0.39 million during the quarter, compared to analyst estimates of $0.41 million. A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Research Frontiers from a “hold” rating to a “sell” rating in a report on Friday, March 17th. Westpark Capital reiterated a “buy” rating and issued a $6.00 price target on shares of Research Frontiers in a report on Monday, February 6th.
An institutional investor recently raised its position in Research Frontiers stock. FMR LLC raised its position in Research Frontiers, Inc. (NASDAQ:REFR) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 352,174 shares of the technology company’s stock after buying an additional 53,802 shares during the period. FMR LLC owned 1.46% of Research Frontiers worth $641,000 at the end of the most recent quarter. Institutional investors and hedge funds own 20.32% of the company’s stock. Research Frontiers Company Profile
Research Frontiers Incorporated (Research Frontiers) is engaged in the development and marketing of technology and devices to control the flow of light. The Company develops and licenses its patented suspended particle device (SPD-Smart) light-control technology to other companies that manufacture and market either the SPD-Smart chemical emulsion, light-control film made from the chemical emulsion, lamination services, electronics to power end-products incorporating the film, or the end-products themselves, such as smart windows, skylights and sunroofs.
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