Kopin (KOPN) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Kopin (NASDAQ:KOPN) issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04), MarketWatch Earnings reports. The business had revenue of $5.54 million for the quarter. Kopin had a negative return on equity of 68.84% and a negative net margin of 169.82%.

KOPN traded up $0.04 on Friday, reaching $1.21. The company had a trading volume of 2,675 shares, compared to its average volume of 486,664. Kopin has a fifty-two week low of $0.96 and a fifty-two week high of $3.81. The firm has a market cap of $101.80 million, a P/E ratio of -2.50 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.39 and a current ratio of 3.71.

Several research firms have recently weighed in on KOPN. Zacks Investment Research lowered shares of Kopin from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. LADENBURG THALM/SH SH began coverage on shares of Kopin in a research note on Monday, February 4th. They set a “buy” rating and a $2.20 price objective on the stock. Finally, Langenberg & Company began coverage on shares of Kopin in a research note on Monday, February 4th. They set a “buy” rating and a $1.32 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $2.17.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Kopin by 8.8% during the 3rd quarter. BlackRock Inc. now owns 9,665,876 shares of the company’s stock worth $23,391,000 after purchasing an additional 780,079 shares in the last quarter. Vanguard Group Inc grew its position in shares of Kopin by 6.1% during the 3rd quarter. Vanguard Group Inc now owns 4,239,524 shares of the company’s stock worth $10,259,000 after purchasing an additional 245,490 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Kopin by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,239,524 shares of the company’s stock worth $10,259,000 after purchasing an additional 245,490 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kopin by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,207,568 shares of the company’s stock worth $5,342,000 after purchasing an additional 142,342 shares in the last quarter. Finally, Penbrook Management LLC grew its position in shares of Kopin by 35.6% during the 1st quarter. Penbrook Management LLC now owns 672,530 shares of the company’s stock worth $901,000 after purchasing an additional 176,625 shares in the last quarter. Institutional investors and hedge funds own 41.25% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Rockland Register and is the property of of Rockland Register. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://rocklandregister.com/2019/05/31/kopin-kopn-posts-earnings-results-misses-expectations-by-0-04-eps.html.

About Kopin

Kopin Corporation invents, develops, manufactures, and sells various components and systems 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, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.

Further Reading: How to Invest in a Bull Market

Earnings History for Kopin (NASDAQ:KOPN)

Receive News & Ratings for Kopin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kopin and related companies with MarketBeat.com's FREE daily email newsletter.