Electro Scientific Industries (ESIO) Expected to Post Earnings of $0.86 Per Share

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/08/electro-scientific-industries-esio-expected-to-post-earnings-of-0-86-per-share.html.

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.

Get a free copy of the Zacks research report on Electro Scientific Industries (ESIO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Electro Scientific Industries (NASDAQ:ESIO)

Receive News & Ratings for Electro Scientific Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply