Safeguard Scientifics Inc (SFE) Releases Earnings Results, Beats Expectations By $0.47 EPS

Safeguard Scientifics Inc (SFE) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.47. Analysts had a consensus of $1.45. During the same quarter in the previous year, the company posted $-0.91 EPS.

Safeguard Scientifics Inc opened for trading at $13.43 and hit $13.51 on the upside on Thursday, eventually ending the session at $13.31, with a gain of 8.92% or 1.09 points. The heightened volatility saw the trading volume jump to 1,92,896 shares. Company has a market cap of $268 M.

In a different news, on Aug 11, 2015, Stephen T Zarrilli (President & CEO) purchased 90 shares at $18.60 per share price. According to the SEC, on Jul 30, 2015, Andrew E Lietz (director) purchased 1,400 shares at $18.01 per share price. On Mar 10, 2015, Julie A Dobson (director) sold 12,498 shares at $18.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Safeguard Scientifics Inc. provides capital as well as strategic operational and management resources. Safeguard participates in growth and expansion financings and early-stage financings. The Company operates in two reportable segments: Healthcare and Technology. It focuses on companies with initial capital requirements between $5 million and $15 million and follow-on financing needs of between $5 million and $10 million with a total anticipated deployment of up to $25 million from it. It provides early-stage financing in amounts generally up to $1 million to young companies. It targets companies that operate in two sectors: Healthcare which includes companies focused on medical technology (MedTech) including diagnostics and devices and healthcare technology (HealthTech) and Technology which includes companies focused on digital media; financial technology (FinTech) and Enterprise 3.0 which includes mobile technology cloud the internet of things (IOT) and big data.

Safeguard Scientifics Inc

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