Audioeye Inc (NASDAQ:AEYE) Expected to Post Earnings of -$0.33 Per Share

Equities research analysts expect Audioeye Inc (NASDAQ:AEYE) to announce earnings of ($0.33) per share for the current quarter, according to Zacks. Two analysts have provided estimates for Audioeye’s earnings. The lowest EPS estimate is ($0.40) and the highest is ($0.26). Audioeye reported earnings of ($0.27) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The business is expected to issue its next quarterly earnings results on Wednesday, November 11th.

On average, analysts expect that Audioeye will report full-year earnings of ($0.95) per share for the current year, with EPS estimates ranging from ($1.08) to ($0.82). For the next year, analysts expect that the company will post earnings of ($0.20) per share, with EPS estimates ranging from ($0.26) to ($0.13). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Audioeye.

Audioeye (NASDAQ:AEYE) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). The firm had revenue of $5.28 million for the quarter, compared to analyst estimates of $4.33 million. Audioeye had a negative return on equity of 639.89% and a negative net margin of 41.87%.

AEYE has been the subject of several analyst reports. B. Riley increased their price objective on Audioeye from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Zacks Investment Research downgraded Audioeye from a “buy” rating to a “sell” rating in a research note on Tuesday, August 18th. Finally, ValuEngine downgraded Audioeye from a “buy” rating to a “hold” rating in a research note on Wednesday, July 8th.

In other Audioeye news, Director Alexandre Zyngier purchased 16,260 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average cost of $9.23 per share, with a total value of $150,079.80. Following the completion of the transaction, the director now owns 57,680 shares of the company’s stock, valued at approximately $532,386.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 53.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of AEYE. EAM Investors LLC purchased a new stake in shares of Audioeye during the second quarter valued at approximately $917,000. Nomura Holdings Inc. purchased a new stake in shares of Audioeye during the first quarter valued at approximately $116,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Audioeye during the second quarter valued at approximately $153,000. Virtu Financial LLC bought a new position in Audioeye during the second quarter valued at $138,000. Finally, BlackRock Inc. grew its holdings in Audioeye by 76.0% during the first quarter. BlackRock Inc. now owns 24,828 shares of the company’s stock valued at $110,000 after purchasing an additional 10,720 shares during the period. 4.78% of the stock is owned by institutional investors.

Shares of Audioeye stock traded up $0.29 on Friday, hitting $15.76. The company had a trading volume of 86,682 shares, compared to its average volume of 72,182. The stock has a market capitalization of $146.58 million, a price-to-earnings ratio of -20.21 and a beta of 1.90. Audioeye has a 1 year low of $1.94 and a 1 year high of $22.80. The stock has a 50 day moving average of $16.49 and a 200-day moving average of $10.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 0.78.

About Audioeye

AudioEye, Inc provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.

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