A2Z Cust2Mate Solutions (NASDAQ:AZ) Posts Earnings Results, Beats Expectations By $0.49 EPS
by Sarita Garza · The Markets DailyA2Z Cust2Mate Solutions (NASDAQ:AZ – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.49, FiscalAI reports. A2Z Cust2Mate Solutions had a negative return on equity of 86.58% and a negative net margin of 488.70%.The business had revenue of $3.65 million for the quarter, compared to the consensus estimate of $4.63 million.
A2Z Cust2Mate Solutions Stock Performance
Shares of AZ traded up $0.16 during trading hours on Wednesday, hitting $6.83. The company had a trading volume of 103,741 shares, compared to its average volume of 452,348. The firm has a fifty day moving average price of $6.10 and a 200-day moving average price of $6.58. A2Z Cust2Mate Solutions has a 52-week low of $5.00 and a 52-week high of $12.36. The stock has a market capitalization of $285.84 million, a price-to-earnings ratio of -6.10 and a beta of 1.43.
A2Z Cust2Mate Solutions announced that its Board of Directors has approved a share repurchase program on Wednesday, January 7th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
Institutional Investors Weigh In On A2Z Cust2Mate Solutions
Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its stake in A2Z Cust2Mate Solutions by 9.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 60,638 shares of the company’s stock valued at $484,000 after buying an additional 5,148 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of A2Z Cust2Mate Solutions by 113.3% in the 2nd quarter. Geode Capital Management LLC now owns 21,354 shares of the company’s stock worth $226,000 after buying an additional 11,342 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of A2Z Cust2Mate Solutions in the second quarter worth $146,000. NewEdge Advisors LLC purchased a new stake in A2Z Cust2Mate Solutions during the second quarter valued at $148,000. Finally, Squarepoint Ops LLC purchased a new stake in A2Z Cust2Mate Solutions during the fourth quarter valued at $178,000. 12.64% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on AZ shares. Zacks Research raised shares of A2Z Cust2Mate Solutions to a “hold” rating in a research note on Monday. Benchmark reaffirmed a “buy” rating on shares of A2Z Cust2Mate Solutions in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, January 21st. Finally, Northland Securities assumed coverage on A2Z Cust2Mate Solutions in a report on Friday, March 27th. They issued an “outperform” rating and a $15.00 price target for the company. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.00.
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A2Z Cust2Mate Solutions Company Profile
A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.