Equities research analysts expect that Electro Scientific Industries (NASDAQ:ESIO) will report earnings of $0.86 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Electro Scientific Industries’ earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.86. Electro Scientific Industries reported earnings of $0.09 per share during the same quarter last year, which would indicate a positive year over year growth rate of 855.6%. The business is expected to report its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Electro Scientific Industries will report full year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.57 to $2.61. For the next year, analysts anticipate that the business will report earnings of $2.15 per share, with EPS estimates ranging from $2.00 to $2.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Electro Scientific Industries.
Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.16. The company had revenue of $110.80 million for the quarter, compared to analyst estimates of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The business’s revenue was up 227.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.23) earnings per share.
Several equities analysts have recently issued reports on ESIO shares. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, December 22nd. DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of Electro Scientific Industries in a research note on Thursday, January 18th. Needham & Company LLC upped their price target on Electro Scientific Industries from $27.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. TheStreet raised Electro Scientific Industries from a “c” rating to a “b-” rating in a research note on Friday, January 19th. Finally, BidaskClub lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $32.60.
In other news, VP John Edward Williams sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total transaction of $90,250.00. Following the transaction, the vice president now owns 59,800 shares of the company’s stock, valued at $1,079,390. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.22% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Penbrook Management LLC acquired a new position in Electro Scientific Industries in the fourth quarter valued at about $4,720,000. Pier Capital LLC acquired a new position in Electro Scientific Industries in the fourth quarter valued at about $3,793,000. MetLife Investment Advisors LLC acquired a new position in Electro Scientific Industries in the fourth quarter valued at about $345,000. Gotham Asset Management LLC lifted its stake in Electro Scientific Industries by 3,562.3% in the fourth quarter. Gotham Asset Management LLC now owns 386,744 shares of the semiconductor company’s stock valued at $8,288,000 after buying an additional 376,184 shares during the period. Finally, Flinton Capital Management LLC acquired a new position in Electro Scientific Industries in the fourth quarter valued at about $118,000. 83.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ESIO traded down $0.26 during trading hours on Friday, hitting $18.44. 457,841 shares of the stock traded hands, compared to its average volume of 746,353. The company has a quick ratio of 2.04, a current ratio of 2.86 and a debt-to-equity ratio of 0.07. Electro Scientific Industries has a 1-year low of $6.17 and a 1-year high of $27.72. The firm has a market capitalization of $618.70, a PE ratio of -16.03, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93.
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About Electro Scientific Industries
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.
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