Fisker Inc. (NYSE: FSR) Expected to Post – $ 0.17 Per Share
Equity research analysts expect Fisker Inc. (NYSE: FSR) to report earnings of ($ 0.17) per share for the current quarter, Zacks investment research reports. No analyst has made estimates for Fisker’s earnings, with the lowest estimate of EPS at ($ 0.27) and the highest estimate at ($ 0.11). The company is expected to release its next quarterly results on Thursday, May 27.
On average, analysts expect Fisker to report annual earnings of ($ 0.84) per share for the current year, with EPS estimates ranging from ($ 1.08) to (0.72 USD). For the next year, analysts predict the company will report earnings of ($ 0.67) per share, with EPS estimates ranging from ($ 1.00) to ($ 0.33). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts who cover Fisker.
Fisker (NYSE: FSR) last released its quarterly results on Thursday, February 25. The company reported earnings per share of ($ 0.05) for the quarter, beating the Thomson Reuters consensus estimate of ($ 0.08) by $ 0.03.
A number of equity research analysts have recently published reports on FSR stocks. Cowen raised his price target on Fisker’s stock from $ 22.00 to $ 29.00 and gave the stock an “outperformance” rating in a report on Friday, February 26. RF Lafferty began covering Fisker’s shares in a report on Wednesday, February 17. They issued a “buy” note and a target price of $ 23.00 on the stock. Bank of America began covering Fisker shares in a report on Tuesday. They issued a “buy” note and a target price of $ 31.00 on the stock. Morgan Stanley raised its price target for Fisker shares from $ 27.00 to $ 40.00 and gave the stock an “overweight” rating in a report on Thursday, March 4. Finally, Citigroup raised its price target on Fisker shares from $ 26.00 to $ 31.00 in a report on Wednesday March 10. Two research analysts rated the stock with a sell rating, two assigned a sustaining rating, and seven assigned a buy rating to the company’s stock. The stock currently has an average hold rating and an average target price of $ 26.30.
On a related note, major shareholder Energy Acquisition Spo Spartan sold 830,776 shares of the company in a transaction that took place on Friday, March 12. The shares were sold for an average price of $ 23.17, for a total value of $ 19,249,079.92. The sale was disclosed in a filing with the SEC, available through this link. Company insiders own 24.95% of the company’s shares.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Compagnie Lombard Odier SCmA acquired a new position in Fisker during the first quarter valued at approximately $ 827,000. Private Advisor Group LLC purchased a new position in Fisker shares in the first quarter valued at approximately $ 190,000. Polianta Ltd acquired a new position in Fisker shares in the first quarter valued at approximately $ 1,100,000. FNY Investment Advisers LLC increased its holdings of Fisker shares by 1,430.2% in the first quarter. FNY Investment Advisers LLC now owns 21,423 shares of the company valued at $ 368,000 after purchasing an additional 20,023 shares in the last quarter. Finally, the US National Bank acquired a new position in Fisker shares in the first quarter valued at approximately $ 41,000.
NYSE FSR open for $ 14.01 on Fridays. Fisker has a 52 week low of $ 8.70 and a 52 week high of $ 31.96. The company’s 50-day simple moving average is $ 17.78.
Fisker Company Profile
Fisker, Inc. focuses on the design, development, manufacture and sale of electric vehicles. The company was founded in 2016 and is headquartered in Manhattan Beach, California.
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