Shares of Electro Scientific Industries, Inc. (NASDAQ:ESIO) have been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $31.33.
ESIO has been the topic of a number of recent research reports. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Friday, December 22nd. Needham & Company LLC lifted their target price on Electro Scientific Industries from $12.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Lake Street Capital lifted their target price on Electro Scientific Industries from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. BidaskClub downgraded Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Finally, DA Davidson reissued a “buy” rating and set a $25.00 target price on shares of Electro Scientific Industries in a research report on Thursday, November 2nd.
Electro Scientific Industries (ESIO) traded up $0.14 during mid-day trading on Tuesday, reaching $26.44. The company had a trading volume of 2,032,833 shares, compared to its average volume of 1,040,747. Electro Scientific Industries has a fifty-two week low of $6.10 and a fifty-two week high of $27.72. The firm has a market capitalization of $885.53, a P/E ratio of -41.97, a PEG ratio of 1.93 and a beta of 0.75. The company has a current ratio of 2.81, a quick ratio of 1.96 and a debt-to-equity ratio of 0.08.
Electro Scientific Industries (NASDAQ:ESIO) last released its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. The business had revenue of $70.97 million for the quarter, compared to the consensus estimate of $65.53 million. During the same period last year, the business earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 139.3% compared to the same quarter last year. research analysts predict that Electro Scientific Industries will post 1.78 EPS for the current fiscal year.
In other Electro Scientific Industries news, CFO Paul R. Oldham sold 60,000 shares of Electro Scientific Industries stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the sale, the chief financial officer now directly owns 287,665 shares of the company’s stock, valued at $6,926,973.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul R. Oldham sold 120,000 shares of Electro Scientific Industries stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total value of $2,818,800.00. Following the sale, the chief financial officer now directly owns 237,665 shares in the company, valued at $5,582,750.85. The disclosure for this sale can be found here. 6.22% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in Electro Scientific Industries during the third quarter valued at approximately $109,000. Virtu KCG Holdings LLC acquired a new stake in Electro Scientific Industries during the second quarter valued at approximately $138,000. Alliancebernstein L.P. acquired a new stake in Electro Scientific Industries during the second quarter valued at approximately $160,000. PDT Partners LLC boosted its holdings in Electro Scientific Industries by 2.2% during the second quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 431 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Electro Scientific Industries during the third quarter valued at approximately $164,000. 75.30% of the stock is currently owned by institutional investors.
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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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