Orbotech Ltd (ORBK) to Post Q1 2018 Earnings of $0.72 Per Share, Oppenheimer Forecasts

Orbotech Ltd (ORBK) to Post Q1 2018 Earnings of $0.72 Per Share, Oppenheimer Forecasts

Orbotech Ltd (NASDAQ:ORBK) – Equities researchers at Oppenheimer issued their Q1 2018 earnings estimates for shares of Orbotech in a report issued on Thursday. Oppenheimer analyst A. Uerkwitz anticipates that the electronics maker will post earnings per share of $0.72 for the quarter. Oppenheimer has a “Outperform” rating and a $54.00 price target on the stock. Oppenheimer also issued estimates for Orbotech’s Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $0.86 EPS and FY2019 earnings at $3.86 EPS.

ORBK has been the subject of a number of other research reports. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a report on Tuesday, November 7th. Stifel Nicolaus increased their target price on Orbotech from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Needham & Company LLC increased their target price on Orbotech from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. BidaskClub raised Orbotech from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, ValuEngine cut Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $52.10.

Orbotech (NASDAQ ORBK) opened at $53.43 on Monday. The company has a quick ratio of 2.71, a current ratio of 3.37 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2,559.51, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.87 and a beta of 0.75. Orbotech has a twelve month low of $28.36 and a twelve month high of $57.09.

Orbotech (NASDAQ:ORBK) last posted its quarterly earnings data on Wednesday, February 14th. The electronics maker reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $256.90 million during the quarter, compared to the consensus estimate of $256.02 million. Orbotech had a return on equity of 15.98% and a net margin of 14.69%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Partners Fund LP boosted its position in shares of Orbotech by 106.3% during the third quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock valued at $126,000 after buying an additional 1,546 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Orbotech during the third quarter valued at $135,000. Buckley Wealth Management LLC purchased a new stake in shares of Orbotech during the fourth quarter valued at $206,000. Trexquant Investment LP purchased a new stake in shares of Orbotech during the third quarter valued at $210,000. Finally, Advisor Group Inc. boosted its position in shares of Orbotech by 325.1% during the third quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock valued at $230,000 after buying an additional 4,171 shares during the last quarter. 65.20% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Orbotech Ltd (ORBK) to Post Q1 2018 Earnings of $0.72 Per Share, Oppenheimer Forecasts” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/19/orbotech-ltd-orbk-to-post-q1-2018-earnings-of-0-72-per-share-oppenheimer-forecasts.html.

Orbotech Company Profile

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

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Orbotech Ltd (NASDAQ:ORBK) – Equities researchers at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for Orbotech in a report issued on Thursday. Oppenheimer analyst A. Uerkwitz forecasts that the electronics maker will post earnings per share of $0.72 for the quarter. Oppenheimer currently has a “Outperform” rating and a $54.00 price target on the stock. Oppenheimer also issued estimates for Orbotech’s Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $0.86 EPS and FY2019 earnings at $3.86 EPS.

Several other research analysts have also recently issued reports on the company. BidaskClub cut Orbotech from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Lake Street Capital reissued a “buy” rating and set a $62.00 target price (up previously from $52.00) on shares of Orbotech in a research note on Monday, January 22nd. ValuEngine downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Stifel Nicolaus raised their price target on Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $52.10.

Orbotech (NASDAQ:ORBK) opened at $53.43 on Monday. The stock has a market capitalization of $2,559.51, a PE ratio of 19.72, a price-to-earnings-growth ratio of 0.87 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.37 and a quick ratio of 2.71. Orbotech has a 12-month low of $28.36 and a 12-month high of $57.09.

Orbotech (NASDAQ:ORBK) last released its quarterly earnings data on Wednesday, February 14th. The electronics maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $256.90 million for the quarter, compared to analysts’ expectations of $256.02 million. Orbotech had a return on equity of 15.98% and a net margin of 14.69%. Orbotech’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Partners Fund LP boosted its holdings in Orbotech by 106.3% during the 3rd quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock valued at $126,000 after acquiring an additional 1,546 shares during the period. Macquarie Group Ltd. purchased a new position in Orbotech during the 3rd quarter valued at $135,000. Buckley Wealth Management LLC purchased a new position in Orbotech during the 4th quarter valued at $206,000. Trexquant Investment LP purchased a new position in Orbotech during the 3rd quarter valued at $210,000. Finally, Advisor Group Inc. boosted its holdings in Orbotech by 325.1% during the 3rd quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock valued at $230,000 after acquiring an additional 4,171 shares during the period. Institutional investors own 65.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Orbotech Ltd (ORBK) to Post Q1 2018 Earnings of $0.72 Per Share, Oppenheimer Forecasts” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/19/orbotech-ltd-orbk-to-post-q1-2018-earnings-of-0-72-per-share-oppenheimer-forecasts.html.

About Orbotech

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

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