Equities Analysts Set Expectations for Kopin FY2024 Earnings

Kopin Co. (NASDAQ:KOPN) – Investment analysts at HC Wainwright raised their FY2024 earnings per share estimates for Kopin in a report released on Wednesday, November 13th. HC Wainwright analyst K. Dede now expects that the company will post earnings of ($0.14) per share for the year, up from their previous forecast of ($0.18). HC Wainwright has a “Buy” rating and a $3.00 price target on the stock. The consensus estimate for Kopin’s current full-year earnings is ($0.17) per share. HC Wainwright also issued estimates for Kopin’s Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.10) EPS.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The business had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.73 million. During the same quarter last year, the business posted ($0.02) earnings per share.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus decreased their price target on shares of Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Friday, August 9th. StockNews.com upgraded Kopin from a “sell” rating to a “hold” rating in a report on Wednesday.

Kopin Stock Up 1.7 %

Shares of KOPN opened at $0.89 on Friday. The firm’s 50 day moving average is $0.78 and its 200-day moving average is $0.84. Kopin has a 12-month low of $0.56 and a 12-month high of $2.82.

Hedge Funds Weigh In On Kopin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOPN. AMG National Trust Bank lifted its holdings in shares of Kopin by 10.5% in the second quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock valued at $88,000 after purchasing an additional 10,000 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Kopin during the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC acquired a new position in shares of Kopin in the 1st quarter valued at about $37,000. JT Stratford LLC purchased a new stake in shares of Kopin in the first quarter worth approximately $37,000. Finally, Murphy Pohlad Asset Management LLC boosted its holdings in shares of Kopin by 26.0% during the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock worth $99,000 after purchasing an additional 28,000 shares during the period. Institutional investors and hedge funds own 30.96% of the company’s stock.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.