A2Z Cust2Mate Solutions (NASDAQ:AZ) Issues Earnings Results

A2Z Cust2Mate Solutions (NASDAQ:AZ – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.49, FiscalAI reports. The firm had revenue of $3.65 million during the quarter, compared to analyst estimates of $4.63 million. A2Z Cust2Mate Solutions had a negative return on equity of 86.58% and a negative net margin of 488.70%.

Shares of AZ stock opened at $7.48 on Thursday. The firm has a fifty day moving average of $6.11 and a 200-day moving average of $6.59. The stock has a market cap of $313.04 million, a price-to-earnings ratio of -6.68 and a beta of 1.23. A2Z Cust2Mate Solutions has a 52-week low of $5.00 and a 52-week high of $12.36.

Several research firms recently weighed in on AZ. Zacks Research upgraded A2Z Cust2Mate Solutions to a “hold” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, January 21st. Northland Securities started coverage on shares of A2Z Cust2Mate Solutions in a report on Friday, March 27th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its holdings in A2Z Cust2Mate Solutions by 9.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 60,638 shares of the company’s stock valued at $484,000 after purchasing an additional 5,148 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of A2Z Cust2Mate Solutions by 113.3% during 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 period. Osaic Holdings Inc. bought a new stake in A2Z Cust2Mate Solutions in the second quarter valued at $146,000. NewEdge Advisors LLC acquired a new position in A2Z Cust2Mate Solutions during the second quarter worth $148,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the 4th quarter valued at $178,000. Institutional investors and hedge funds own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 7th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.

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