Power Solutions International Inc (PSIX) Releases Earnings Results, Misses Expectations By $-0.18 EPS

Power Solutions International Inc (PSIX) reported quarterly earnings results on Monday, May-9-2016. The company reported $-0.60 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $-0.42. The company posted revenue of $61.80 million in the period, compared to analysts expectations of $59.67 million. The company’s revenue was down -28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on Power Solutions International Inc. Shares were Reiterated by Wunderlich on Feb 23, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $23 .Shares were Reiterated by Dougherty & Company on Feb 23, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $14 .Shares were Reiterated by Wunderlich on Feb 19, 2016 to “Buy” and Lowered the Price Target to $ 23 from a previous price target of $30 .

Power Solutions International Inc closed down -0.73 points or -6.21% at $11.03 with 47,234 shares getting traded on Friday. Post opening the session at $11.75, the shares hit an intraday low of $10.71 and an intraday high of $11.75 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 7, 2016, Michael Lewis (CFO) purchased 1,000 shares at $11.24 per share price. According to the SEC, on Nov 17, 2015, Eric A. Cohen (Chief Operating Officer) purchased 10 shares at $18.24 per share price. On Aug 10, 2015, Daniel P Gorey (CFO) purchased 500 shares at $32.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Power Solutions International Inc. is a designer manufacturer distributor and supporter of power systems and custom-engineered integrated electrical power generation systems for industrial original equipment manufacturers (OEMs) across a range of industries including stationary electricity power generation oil and gas material handling aerial work platforms industrial sweepers arbor welding airport ground support turf agricultural construction and irrigation. The Company’s power systems represent a range of emission-certified alternative fuel products for industrial applications. In addition to its emission-certified power systems it produces and distributes non-emission-certified power systems for industrial OEMs for particular applications in markets without emission standards.

Power Solutions International Inc

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