According to Zacks, “Rofin-Sinar Technologies designs, develops, engineers, manufactures and markets laser products for cutting, welding and marking a wide range of industrial materials. Through its global manufacturing, distribution and service network, the company provides a comprehensive range of laser solutions to three principal target markets for material processing lasers: the machine tool, automotive, and semiconductor/electronics industries. “
Shares of Rofin-Sinar Technologies (NASDAQ:RSTI) opened at 32.20 on Wednesday. The stock has a 50 day moving average of $32.15 and a 200 day moving average of $31.99. Rofin-Sinar Technologies has a 52 week low of $19.02 and a 52 week high of $32.50. The firm has a market cap of $914.93 million, a P/E ratio of 27.57 and a beta of 1.98.
Rofin-Sinar Technologies (NASDAQ:RSTI) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Rofin-Sinar Technologies had a return on equity of 7.04% and a net margin of 6.80%. The business had revenue of $125.94 million for the quarter, compared to analysts’ expectations of $130.90 million. During the same quarter in the previous year, the business posted $0.41 EPS. Rofin-Sinar Technologies’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities analysts forecast that Rofin-Sinar Technologies will post $1.12 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Magnetar Financial LLC acquired a new position in Rofin-Sinar Technologies during the first quarter valued at $32,121,000. FMR LLC boosted its stake in Rofin-Sinar Technologies by 91.5% in the second quarter. FMR LLC now owns 1,450,945 shares of the company’s stock valued at $46,343,000 after buying an additional 693,100 shares during the last quarter. CNH Partners LLC boosted its stake in Rofin-Sinar Technologies by 79.2% in the second quarter. CNH Partners LLC now owns 1,496,261 shares of the company’s stock valued at $47,791,000 after buying an additional 661,448 shares during the last quarter. SG Americas Securities LLC boosted its stake in Rofin-Sinar Technologies by 198.1% in the second quarter. SG Americas Securities LLC now owns 488,357 shares of the company’s stock valued at $15,598,000 after buying an additional 324,556 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Rofin-Sinar Technologies by 208.1% in the second quarter. JPMorgan Chase & Co. now owns 414,858 shares of the company’s stock valued at $13,250,000 after buying an additional 280,193 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.
Rofin-Sinar Technologies Company Profile
ROFIN-SINAR Technologies Inc is engaged in the design, development, engineering, manufacturing and marketing of laser sources and laser-based system solutions for industrial material processing applications, which include primarily cutting, welding and marking a range of materials. The Company offers a range of laser components.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rofin-Sinar Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rofin-Sinar Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.