Trade Report: The Power Solutions International Inc. (PSIX) to Post FY2016 Earnings of ($0.51) Per Share, Lake Street Capital Forecasts

The Power Solutions International Inc. (PSIX) to Post FY2016 Earnings of ($0.51) Per Share, Lake Street Capital Forecasts

Power Solutions International Inc. (NASDAQ:PSIX) – Analysts at Lake Street Capital dropped their FY2016 earnings per share (EPS) estimates for Power Solutions International in a research note issued to investors on Wednesday. Lake Street Capital analyst R. Brown now expects that the brokerage will earn ($0.51) per share for the year, down from their prior forecast of ($0.18). Lake Street Capital has a “Hold” rating and a $16.00 price objective on the stock. Lake Street Capital also issued estimates for Power Solutions International’s Q4 2016 earnings at $0.30 EPS, Q1 2017 earnings at ($0.30) EPS, Q2 2017 earnings at ($0.14) EPS, FY2017 earnings at $0.12 EPS and FY2018 earnings at $0.37 EPS.

A number of other research analysts have also weighed in on PSIX. Zacks Investment Research lowered shares of Power Solutions International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Wunderlich began coverage on shares of Power Solutions International in a research note on Thursday, August 25th. They issued a “buy” rating and a $50.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Power Solutions International presently has a consensus rating of “Buy” and an average target price of $22.48.

Shares of Power Solutions International (NASDAQ:PSIX) opened at 13.98 on Monday. The company has a market capitalization of $152.09 million, a P/E ratio of 142.65 and a beta of 2.64. The company’s 50 day moving average is $10.90 and its 200 day moving average is $13.80. Power Solutions International has a 12-month low of $7.63 and a 12-month high of $24.93.

A number of institutional investors have recently modified their holdings of the company. Teachers Advisors Inc. increased its position in shares of Power Solutions International by 11.7% in the second quarter. Teachers Advisors Inc. now owns 8,013 shares of the company’s stock worth $143,000 after buying an additional 840 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Power Solutions International by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 13,359 shares of the company’s stock worth $239,000 after buying an additional 610 shares during the last quarter. BlackRock Investment Management LLC increased its position in shares of Power Solutions International by 13.7% in the second quarter. BlackRock Investment Management LLC now owns 18,918 shares of the company’s stock worth $338,000 after buying an additional 2,283 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Power Solutions International by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 19,255 shares of the company’s stock worth $197,000 after buying an additional 50 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust increased its position in shares of Power Solutions International by 25.0% in the second quarter. New Jersey Better Educational Savings Trust now owns 20,000 shares of the company’s stock worth $357,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 48.25% of the company’s stock.

Power Solutions International Company Profile

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