Electro Scientific Industries, Inc. (NASDAQ:ESIO) – Investment analysts at DA Davidson increased their Q3 2019 earnings per share estimates for Electro Scientific Industries in a research note issued on Thursday, Zacks Investment Research reports. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.12. DA Davidson has a “Buy” rating and a $32.00 price target on the stock. DA Davidson also issued estimates for Electro Scientific Industries’ Q4 2019 earnings at $0.29 EPS.
Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.16. The firm had revenue of $110.80 million during the quarter, compared to analysts’ expectations of $107.00 million. Electro Scientific Industries had a net margin of 7.63% and a return on equity of 14.57%. Electro Scientific Industries’s revenue for the quarter was up 227.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.23) earnings per share.
A number of other equities research analysts have also recently issued reports on the stock. BidaskClub cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Saturday. TheStreet upgraded shares of Electro Scientific Industries from a “c” rating to a “b-” rating in a report on Friday, January 19th. Zacks Investment Research upgraded shares of Electro Scientific Industries from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Monday, January 22nd. Needham & Company LLC upped their price objective on shares of Electro Scientific Industries from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Lake Street Capital upped their price target on shares of Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.00.
Shares of Electro Scientific Industries (NASDAQ ESIO) traded down $0.47 during trading hours on Friday, reaching $16.89. 1,360,604 shares of the company were exchanged, compared to its average volume of 1,680,000. The company has a market capitalization of $559.68, a PE ratio of 27.69, a PEG ratio of 0.73 and a beta of 0.76. Electro Scientific Industries has a 12-month low of $6.17 and a 12-month high of $27.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.86 and a quick ratio of 2.04.
In other Electro Scientific Industries news, CFO Paul R. Oldham sold 60,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the completion of the sale, the chief financial officer now directly owns 287,665 shares in the company, valued at $6,926,973.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.22% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. LS Investment Advisors LLC boosted its holdings in Electro Scientific Industries by 723.4% during the fourth quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 6,467 shares during the period. JPMorgan Chase & Co. bought a new stake in Electro Scientific Industries during the third quarter valued at about $109,000. Teacher Retirement System of Texas bought a new stake in Electro Scientific Industries during the fourth quarter valued at about $221,000. Campbell & CO Investment Adviser LLC bought a new stake in Electro Scientific Industries during the third quarter valued at about $164,000. Finally, Stevens Capital Management LP bought a new stake in Electro Scientific Industries during the third quarter valued at about $172,000. Institutional investors own 74.70% of the company’s stock.
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Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.
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