AudioEye, Inc. (NASDAQ:AEYE) Expected to Announce Earnings of -$0.26 Per Share

Equities analysts expect AudioEye, Inc. (NASDAQ:AEYE) to announce earnings per share (EPS) of ($0.26) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for AudioEye’s earnings. The lowest EPS estimate is ($0.36) and the highest is ($0.16). AudioEye reported earnings per share of ($0.16) in the same quarter last year, which would indicate a negative year-over-year growth rate of 62.5%. The company is expected to announce its next earnings report on Thursday, August 12th.

According to Zacks, analysts expect that AudioEye will report full-year earnings of ($0.88) per share for the current year, with EPS estimates ranging from ($1.03) to ($0.72). For the next fiscal year, analysts expect that the company will post earnings of ($0.50) per share, with EPS estimates ranging from ($0.70) to ($0.30). Zacks’ earnings per share averages are an average based on a survey of analysts that cover AudioEye.

AudioEye (NASDAQ:AEYE) last issued its quarterly earnings data on Wednesday, May 12th. The company reported ($0.26) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.26). AudioEye had a negative return on equity of 86.08% and a negative net margin of 37.54%. The company had revenue of $5.79 million during the quarter, compared to analyst estimates of $6.00 million.

A number of research firms recently commented on AEYE. HC Wainwright began coverage on AudioEye in a research report on Monday, June 7th. They issued a “buy” rating and a $28.00 target price on the stock. Maxim Group cut their target price on AudioEye from $44.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, May 14th. Finally, Zacks Investment Research raised AudioEye from a “sell” rating to a “hold” rating in a research note on Friday, July 16th.

In other AudioEye news, insider Carr Bettis sold 10,000 shares of the stock in a transaction dated Wednesday, June 16th. The stock was sold at an average price of $17.14, for a total transaction of $171,400.00. Following the sale, the insider now directly owns 407,854 shares of the company’s stock, valued at approximately $6,990,617.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 40,000 shares of company stock worth $653,300 over the last ninety days. 40.30% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of AEYE. Dorsey Wright & Associates purchased a new position in AudioEye in the 1st quarter worth approximately $39,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of AudioEye in the first quarter worth $137,000. Citigroup Inc. acquired a new position in shares of AudioEye during the fourth quarter worth $141,000. Barclays PLC acquired a new position in shares of AudioEye during the first quarter worth $169,000. Finally, UBS Group AG grew its stake in shares of AudioEye by 1,486.9% during the first quarter. UBS Group AG now owns 7,268 shares of the company’s stock worth $203,000 after purchasing an additional 6,810 shares in the last quarter. Institutional investors own 15.66% of the company’s stock.

Shares of AudioEye stock opened at $14.90 on Thursday. The firm has a 50-day simple moving average of $17.15. AudioEye has a 52 week low of $11.25 and a 52 week high of $44.37. The stock has a market capitalization of $162.47 million, a P/E ratio of -17.53 and a beta of 2.15. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.04.

AudioEye Company Profile

AudioEye, Inc provides software 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 provides 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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