Equities analysts expect Power Solutions International Inc (NASDAQ:PSIX) to announce earnings per share (EPS) of ($0.19) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Power Solutions International’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.09). Power Solutions International reported earnings of ($0.60) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 68.3%. The firm is scheduled to issue its next earnings report on Monday, May 8th.
According to Zacks, analysts expect that Power Solutions International will report full-year earnings of ($0.87) per share for the current financial year, with EPS estimates ranging from ($0.95) to ($0.82). For the next year, analysts expect that the business will post earnings of $0.13 per share, with EPS estimates ranging from ($0.16) to $0.42. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Power Solutions International.
Several brokerages recently issued reports on PSIX. Zacks Investment Research downgraded Power Solutions International from a “hold” rating to a “sell” rating in a report on Saturday, April 1st. Lake Street Capital downgraded Power Solutions International from a “hold” rating to a “sell” rating in a research note on Monday, February 6th. Craig Hallum reaffirmed a “buy” rating on shares of Power Solutions International in a research note on Tuesday, March 28th. Wunderlich downgraded Power Solutions International from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research note on Monday, February 6th. Finally, Barrington Research downgraded Power Solutions International from an “outperform” rating to an “underperform” rating in a research note on Monday, February 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Power Solutions International currently has a consensus rating of “Hold” and a consensus target price of $16.83.
A number of hedge funds have recently made changes to their positions in the stock. Menta Capital LLC increased its stake in shares of Power Solutions International by 122.7% in the fourth quarter. Menta Capital LLC now owns 25,152 shares of the company’s stock valued at $189,000 after buying an additional 13,856 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Power Solutions International by 10.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 420,000 shares of the company’s stock valued at $4,305,000 after buying an additional 40,000 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Power Solutions International by 24.8% in the fourth quarter. Royce & Associates LP now owns 1,098,206 shares of the company’s stock valued at $8,237,000 after buying an additional 218,045 shares during the last quarter. 46.93% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Power Solutions International (NASDAQ:PSIX) traded up 1.43% during mid-day trading on Monday, hitting $7.10. The stock had a trading volume of 100,748 shares. The company has a 50 day moving average price of $7.40 and a 200 day moving average price of $8.61. Power Solutions International has a 12-month low of $2.76 and a 12-month high of $20.97.
Power Solutions International Company Profile
Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.
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