Kulicke and Soffa Industries Inc. (KLIC) Expected to Post Earnings of $0.41 Per Share

Equities research analysts expect that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will report $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kulicke and Soffa Industries’ earnings, with estimates ranging from $0.37 to $0.45. Kulicke and Soffa Industries reported earnings per share of $0.40 during the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Kulicke and Soffa Industries will report full year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.16 to $2.29. For the next year, analysts anticipate that the firm will report earnings of $2.45 per share, with EPS estimates ranging from $2.36 to $2.54. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Kulicke and Soffa Industries.

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Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.28. The business had revenue of $213.70 million for the quarter, compared to analysts’ expectations of $189.48 million. Kulicke and Soffa Industries had a return on equity of 16.70% and a net margin of 3.10%. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share.

Several research analysts have issued reports on the company. Zacks Investment Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday. BidaskClub raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, March 16th. ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 17th. Finally, B. Riley reissued a “buy” rating and issued a $36.00 target price on shares of Kulicke and Soffa Industries in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $28.38.

Several hedge funds and other institutional investors have recently bought and sold shares of KLIC. Wells Fargo & Company MN raised its stake in shares of Kulicke and Soffa Industries by 71.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock worth $143,000 after buying an additional 2,449 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Kulicke and Soffa Industries by 43.0% in the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock worth $195,000 after buying an additional 2,731 shares during the period. LS Investment Advisors LLC raised its stake in shares of Kulicke and Soffa Industries by 247.1% in the fourth quarter. LS Investment Advisors LLC now owns 8,536 shares of the semiconductor company’s stock worth $208,000 after buying an additional 6,077 shares during the period. Advisors Preferred LLC bought a new position in shares of Kulicke and Soffa Industries in the fourth quarter worth about $217,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Kulicke and Soffa Industries in the fourth quarter worth about $243,000. 87.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:KLIC opened at $24.47 on Friday. The stock has a market capitalization of $1,727.88, a price-to-earnings ratio of 15.79, a PEG ratio of 0.92 and a beta of 1.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.08 and a current ratio of 5.72. Kulicke and Soffa Industries has a 52-week low of $18.22 and a 52-week high of $28.71.

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Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

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Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

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