Viewray (VRAY) to Release Quarterly Earnings on Friday

Viewray (NASDAQ:VRAY) is scheduled to issue its quarterly earnings data before the market opens on Friday, August 3rd. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.

Viewray (NASDAQ:VRAY) last posted its quarterly earnings data on Thursday, May 10th. The company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.09. The company had revenue of $26.19 million for the quarter, compared to analysts’ expectations of $15.50 million. Viewray had a negative net margin of 83.09% and a negative return on equity of 1,375.57%. Viewray’s revenue for the quarter was up 2029.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.54) earnings per share. On average, analysts expect Viewray to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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Shares of Viewray traded up $0.04, hitting $11.96, during trading on Thursday, MarketBeat Ratings reports. The company had a trading volume of 41,761 shares, compared to its average volume of 1,759,789. The company has a current ratio of 3.79, a quick ratio of 3.04 and a debt-to-equity ratio of 0.77. The stock has a market cap of $855.19 million, a price-to-earnings ratio of -11.52 and a beta of 1.21. Viewray has a 52 week low of $4.83 and a 52 week high of $13.21.

VRAY has been the topic of several research analyst reports. ValuEngine upgraded shares of Viewray from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. Jefferies Financial Group initiated coverage on shares of Viewray in a research report on Tuesday, July 3rd. They issued a “buy” rating and a $12.00 price objective on the stock. Mizuho restated a “buy” rating and issued a $12.00 price objective on shares of Viewray in a research report on Thursday, April 19th. Cantor Fitzgerald restated a “buy” rating and issued a $13.00 price objective on shares of Viewray in a research report on Friday, May 11th. Finally, BidaskClub upgraded shares of Viewray from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $12.10.

In other Viewray news, insider Fmr Llc sold 295,850 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $12.08, for a total value of $3,573,868.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 43.93% of the stock is owned by corporate insiders.

Viewray Company Profile

ViewRay, Inc designs, manufactures and markets MRIdian, the magnetic resonance imaging (MRI)-guided radiation therapy system to image and treat cancer patients simultaneously. The Company offers radiation therapy technology combined with magnetic resonance imaging. MRIdian integrates MRI technology, radiation delivery and the Company’s software to locate, target and track the position and shape of soft-tissue tumors while radiation is delivered.

Featured Story: Diversification

Deere & Company (DE) Stake Lessened by Creative Planning

Creative Planning cut its holdings in shares of Deere & Company (NYSE:DE) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,725 shares of the industrial products company’s stock after selling 2,754 shares during the period. Creative Planning’s holdings in Deere & Company were worth $5,973,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DE. Mount Yale Investment Advisors LLC acquired a new position in shares of Deere & Company during the first quarter worth $100,000. Winthrop Partners WNY LLC acquired a new position in shares of Deere & Company during the first quarter worth $114,000. Clarus Wealth Advisors acquired a new position in shares of Deere & Company during the second quarter worth $118,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Deere & Company during the fourth quarter worth $122,000. Finally, Bedel Financial Consulting Inc. acquired a new position in shares of Deere & Company during the first quarter worth $128,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

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NYSE DE opened at $137.17 on Friday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.64 and a current ratio of 1.91. Deere & Company has a 1 year low of $112.87 and a 1 year high of $175.26. The firm has a market capitalization of $44.48 billion, a P/E ratio of 17.17, a PEG ratio of 2.50 and a beta of 0.83.

Deere & Company (NYSE:DE) last released its earnings results on Friday, May 18th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.19). Deere & Company had a net margin of 5.46% and a return on equity of 27.67%. The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.83 billion. During the same period in the previous year, the company earned $2.14 earnings per share. Deere & Company’s revenue was up 34.3% on a year-over-year basis. analysts expect that Deere & Company will post 9.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Friday, June 29th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.01%. This is a positive change from Deere & Company’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, June 28th. Deere & Company’s dividend payout ratio is presently 41.32%.

A number of equities analysts have recently issued reports on the company. Bank of America raised Deere & Company from a “neutral” rating to a “buy” rating and set a $159.00 price target on the stock in a research report on Thursday, May 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $173.00 price target on shares of Deere & Company in a research report on Friday, April 13th. Royal Bank of Canada reaffirmed a “buy” rating and set a $200.00 price target on shares of Deere & Company in a research report on Wednesday, April 18th. UBS Group cut their target price on Deere & Company from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday. Finally, OTR Global downgraded Deere & Company to a “$139.21” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. Deere & Company presently has an average rating of “Buy” and an average target price of $178.70.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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