Wall Street brokerages expect Xcerra Corporation (NASDAQ:XCRA) to post sales of $108.30 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Xcerra Corporation’s earnings. The lowest sales estimate is $106.60 million and the highest is $110.00 million. Xcerra Corporation reported sales of $80.09 million during the same quarter last year, which indicates a positive year-over-year growth rate of 35.2%. The firm is expected to report its next quarterly earnings results on Thursday, December 7th.
According to Zacks, analysts expect that Xcerra Corporation will report full-year sales of $108.30 million for the current year, with estimates ranging from $410.00 million to $437.00 million. For the next year, analysts anticipate that the company will post sales of $0.00 per share. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Xcerra Corporation.
Xcerra Corporation (NASDAQ:XCRA) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The firm had revenue of $126.93 million during the quarter, compared to analyst estimates of $106.97 million. Xcerra Corporation had a return on equity of 9.08% and a net margin of 5.77%.
XCRA has been the subject of several research analyst reports. Zacks Investment Research lowered Xcerra Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 1st. B. Riley restated a “neutral” rating and set a $10.25 price target on shares of Xcerra Corporation in a research note on Monday, August 28th. BidaskClub lowered Xcerra Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra Corporation in a research note on Friday, September 1st. Finally, ValuEngine upgraded Xcerra Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.40.
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Shares of Xcerra Corporation (XCRA) traded down $0.01 during trading hours on Friday, reaching $9.81. The company’s stock had a trading volume of 213,535 shares, compared to its average volume of 295,702. The firm has a market capitalization of $533.24, a price-to-earnings ratio of 20.02, a PEG ratio of 0.88 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.61 and a quick ratio of 2.78. Xcerra Corporation has a 12 month low of $6.26 and a 12 month high of $10.01.
In other news, VP Pascal Ronde sold 50,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.74, for a total value of $487,000.00. Following the completion of the sale, the vice president now owns 317,250 shares in the company, valued at $3,090,015. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Algert Global LLC acquired a new stake in shares of Xcerra Corporation in the third quarter valued at about $1,864,000. California Public Employees Retirement System boosted its holdings in Xcerra Corporation by 13.8% in the third quarter. California Public Employees Retirement System now owns 213,761 shares of the semiconductor company’s stock valued at $2,106,000 after purchasing an additional 25,861 shares during the last quarter. Burren Capital Advisors Ltd purchased a new position in Xcerra Corporation in the third quarter valued at about $1,311,000. Boothbay Fund Management LLC purchased a new position in Xcerra Corporation in the third quarter valued at about $3,552,000. Finally, Alpine Associates Management Inc. boosted its holdings in Xcerra Corporation by 46.5% in the third quarter. Alpine Associates Management Inc. now owns 2,493,716 shares of the semiconductor company’s stock valued at $24,564,000 after purchasing an additional 792,100 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.
Xcerra Corporation Company Profile
Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.
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