Zacks: Analysts Expect Viomi Technology Co Ltd – (NASDAQ:VIOT) Will Announce Earnings of $0.08 Per Share

Brokerages expect Viomi Technology Co Ltd – (NASDAQ:VIOT) to announce earnings of $0.08 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Viomi Technology’s earnings. Viomi Technology reported earnings of $0.20 per share in the same quarter last year, which indicates a negative year over year growth rate of 60%. The business is scheduled to issue its next earnings results on Wednesday, August 19th.

According to Zacks, analysts expect that Viomi Technology will report full-year earnings of $0.38 per share for the current financial year. For the next year, analysts forecast that the company will post earnings of $0.63 per share. Zacks’ EPS averages are an average based on a survey of analysts that cover Viomi Technology.

Viomi Technology (NASDAQ:VIOT) last issued its earnings results on Tuesday, May 26th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $108.11 million for the quarter. Viomi Technology had a return on equity of 22.40% and a net margin of 5.69%.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Viomi Technology from a “sell” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $12.50 price objective on shares of Viomi Technology in a research report on Wednesday, May 27th. BidaskClub raised shares of Viomi Technology from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 7th. Finally, ValuEngine raised Viomi Technology from a “sell” rating to a “hold” rating in a research report on Monday, June 1st.

Shares of NASDAQ:VIOT traded up $0.03 during midday trading on Friday, hitting $6.44. The company had a trading volume of 102,548 shares, compared to its average volume of 191,924. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.86. The company has a market cap of $446.08 million, a price-to-earnings ratio of 11.93 and a beta of 1.92. Viomi Technology has a 12-month low of $4.20 and a 12-month high of $10.80. The company has a fifty day moving average of $5.87 and a two-hundred day moving average of $6.09.

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its stake in Viomi Technology by 28.2% in the first quarter. Morgan Stanley now owns 2,293,376 shares of the company’s stock valued at $9,975,000 after buying an additional 505,065 shares during the last quarter. Capital International Investors increased its holdings in shares of Viomi Technology by 38.9% in the fourth quarter. Capital International Investors now owns 1,199,200 shares of the company’s stock valued at $9,642,000 after purchasing an additional 335,850 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of Viomi Technology by 22.3% in the first quarter. Pictet Asset Management Ltd. now owns 978,173 shares of the company’s stock valued at $4,255,000 after purchasing an additional 178,173 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Viomi Technology by 254.8% in the fourth quarter. Renaissance Technologies LLC now owns 228,390 shares of the company’s stock valued at $1,836,000 after purchasing an additional 164,026 shares during the period. Finally, Elephas Investment Management Ltd acquired a new position in shares of Viomi Technology in the first quarter valued at about $637,000. Institutional investors own 15.57% of the company’s stock.

About Viomi Technology

Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising smart water kettles, washing machines, water heaters, and others.

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