Analysts expect Mimecast Ltd (NASDAQ:MIME) to report earnings per share of $0.03 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mimecast’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.01. The business is expected to announce its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Mimecast will report full year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.39. For the next financial year, analysts forecast that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.29 to $0.58. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Mimecast.
Mimecast (NASDAQ:MIME) last posted its earnings results on Thursday, August 9th. The technology company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $78.40 million for the quarter, compared to the consensus estimate of $76.71 million. Mimecast had a negative return on equity of 11.41% and a negative net margin of 5.55%. Mimecast’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share.
A number of analysts have commented on the company. BMO Capital Markets boosted their target price on Mimecast from $38.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 15th. Stephens boosted their target price on Mimecast from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 15th. Zacks Investment Research downgraded Mimecast from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Barclays boosted their target price on Mimecast from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 15th. Finally, Needham & Company LLC boosted their target price on Mimecast from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Mimecast currently has a consensus rating of “Buy” and an average price target of $44.00.
In other news, Director Hagi Schwartz sold 2,170 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $39.83, for a total value of $86,431.10. Following the sale, the director now directly owns 2,082 shares in the company, valued at $82,926.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Edward Vincent Jennings sold 7,500 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $43.38, for a total value of $325,350.00. Following the completion of the sale, the chief operating officer now owns 7,500 shares in the company, valued at $325,350. The disclosure for this sale can be found here. Insiders sold 614,641 shares of company stock worth $25,301,881 over the last 90 days. Company insiders own 29.00% of the company’s stock.
Several large investors have recently modified their holdings of MIME. Sei Investments Co. lifted its position in Mimecast by 72.3% during the first quarter. Sei Investments Co. now owns 3,473 shares of the technology company’s stock worth $123,000 after buying an additional 1,457 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Mimecast during the second quarter worth about $215,000. Dynamic Technology Lab Private Ltd purchased a new position in Mimecast during the first quarter worth about $238,000. Advisors Asset Management Inc. purchased a new position in Mimecast during the second quarter worth about $238,000. Finally, Verition Fund Management LLC purchased a new position in Mimecast during the second quarter worth about $240,000. Institutional investors and hedge funds own 68.05% of the company’s stock.
MIME traded down $1.37 during trading on Friday, reaching $40.64. 28,333 shares of the stock were exchanged, compared to its average volume of 337,887. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -218.92 and a beta of 0.18. Mimecast has a 1 year low of $25.12 and a 1 year high of $46.87.
Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.
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