Electro Scientific Industries (ESIO) Receives Media Impact Score of 0.20

Media headlines about Electro Scientific Industries (NASDAQ:ESIO) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Electro Scientific Industries earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.7611317352422 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of NASDAQ:ESIO traded up $0.26 during trading on Thursday, hitting $19.61. 105,330 shares of the company’s stock were exchanged, compared to its average volume of 1,204,233. The company has a current ratio of 2.86, a quick ratio of 2.04 and a debt-to-equity ratio of 0.07. Electro Scientific Industries has a 52-week low of $6.19 and a 52-week high of $27.72. The stock has a market capitalization of $637.15, a P/E ratio of -17.05, a P/E/G ratio of 0.72 and a beta of 0.93.

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Electro Scientific Industries (NASDAQ:ESIO) last released its earnings results on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.16. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The firm had revenue of $110.80 million during the quarter, compared to analysts’ expectations of $107.00 million. During the same quarter last year, the business posted ($0.23) earnings per share. The firm’s revenue was up 227.8% on a year-over-year basis. research analysts predict that Electro Scientific Industries will post 2.5 earnings per share for the current fiscal year.

Several research firms have recently commented on ESIO. BidaskClub downgraded Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Lake Street Capital set a $30.00 price objective on Electro Scientific Industries and gave the stock a “buy” rating in a research note on Thursday, March 22nd. ValuEngine raised Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded Electro Scientific Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 22nd. Finally, Stifel Nicolaus began coverage on Electro Scientific Industries in a research note on Wednesday, March 14th. They issued a “buy” rating and a $36.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $32.60.

In related news, VP John Edward Williams sold 5,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $18.05, for a total transaction of $90,250.00. Following the completion of the sale, the vice president now owns 59,800 shares in the company, valued at $1,079,390. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.22% of the company’s stock.

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Electro Scientific Industries Company Profile

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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