Parametric Sound Corp. Forecasted to Earn Q4 2016 Earnings of $0.14 Per Share (HEAR)

Parametric Sound Corp. Forecasted to Earn Q4 2016 Earnings of $0.14 Per Share (HEAR)

Parametric Sound Corp. (NASDAQ:HEAR) – B. Riley increased their Q4 2016 earnings per share estimates for Parametric Sound Corp. in a research report issued on Friday. B. Riley analyst E. Wold now expects that the brokerage will post earnings per share of $0.14 for the quarter, up from their prior estimate of $0.13. B. Riley has a “Buy” rating and a $2.00 price objective on the stock. B. Riley also issued estimates for Parametric Sound Corp.’s Q4 2017 earnings at $0.24 EPS.

Separately, Zacks Investment Research cut shares of Parametric Sound Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $1.63.

Shares of Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.94 on Monday. The stock’s market capitalization is $95.50 million. The stock’s 50 day moving average is $1.34 and its 200-day moving average is $1.10. Parametric Sound Corp. has a 12-month low of $0.83 and a 12-month high of $2.59.

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Parametric Sound Corp. (NASDAQ:HEAR) last announced its quarterly earnings data on Thursday, November 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.06. Parametric Sound Corp. had a negative return on equity of 62.79% and a negative net margin of 82.75%. The firm had revenue of $38.40 million for the quarter, compared to analysts’ expectations of $37.37 million.

In other Parametric Sound Corp. news, major shareholder Carmine J. Bonanno sold 24,900 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $1.04, for a total value of $25,896.00. Following the sale, the insider now owns 4,100,059 shares in the company, valued at approximately $4,264,061.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Carmine J. Bonanno sold 301,253 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $0.99, for a total transaction of $298,240.47. Following the completion of the sale, the insider now owns 2,115,492 shares in the company, valued at approximately $2,094,337.08. The disclosure for this sale can be found here. 74.00% of the stock is currently owned by company insiders.

About Parametric Sound Corp.

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