Stocks: Power Solutions International, Inc. (PSIX) to Post Q3 2016 Earnings of $0.01 Per Share, Lake Street Capital Forecasts

Stocks: Power Solutions International, Inc. (PSIX) to Post Q3 2016 Earnings of $0.01 Per Share, Lake Street Capital Forecasts

Power Solutions International, Inc. (NASDAQ:PSIX) – Equities research analysts at Lake Street Capital decreased their Q3 2016 EPS estimates for Power Solutions International in a research note issued on Tuesday. Lake Street Capital analyst R. Brown now expects that the brokerage will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.24. Lake Street Capital also issued estimates for Power Solutions International’s Q4 2016 earnings at $0.10 EPS, FY2016 earnings at ($0.95) EPS, Q1 2017 earnings at ($0.09) EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at ($0.01) EPS, Q4 2017 earnings at $0.04 EPS, FY2017 earnings at ($0.10) EPS and FY2018 earnings at $0.10 EPS.

Separately, Zacks Investment Research raised Power Solutions International from a “sell” rating to a “hold” rating in a report on Saturday, September 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.61.

Power Solutions International (NASDAQ:PSIX) opened at 7.50 on Thursday. Power Solutions International has a 1-year low of $7.39 and a 1-year high of $20.97. The stock has a market capitalization of $81.59 million, a P/E ratio of 76.53 and a beta of 2.78. The company has a 50-day moving average price of $11.63 and a 200 day moving average price of $13.09.

A number of large investors have recently added to or reduced their stakes in the company. Elk Creek Partners LLC increased its stake in Power Solutions International by 14.3% in the second quarter. Elk Creek Partners LLC now owns 544,000 shares of the company’s stock worth $9,710,000 after buying an additional 68,248 shares during the period. Royce & Associates LP increased its stake in Power Solutions International by 25.9% in the second quarter. Royce & Associates LP now owns 670,906 shares of the company’s stock worth $11,976,000 after buying an additional 138,196 shares during the period. Gagnon Securities LLC increased its stake in Power Solutions International by 4.5% in the second quarter. Gagnon Securities LLC now owns 357,433 shares of the company’s stock worth $6,380,000 after buying an additional 15,478 shares during the period. Schwab Charles Investment Management Inc. increased its stake in 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 period. Finally, GSA Capital Partners LLP increased its stake in Power Solutions International by 52.0% in the second quarter. GSA Capital Partners LLP now owns 48,956 shares of the company’s stock worth $874,000 after buying an additional 16,756 shares during the period. Hedge funds and other institutional investors own 45.62% of the company’s stock.

About Power Solutions International

Power Solutions International, Inc is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment.

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