FormFactor (FORM) to Release Quarterly Earnings on Tuesday

FormFactor (NASDAQ:FORM) will be issuing its quarterly earnings data after the market closes on Tuesday, May 1st. FormFactor has set its Q1 guidance at $0.12-0.18 EPS.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). The company had revenue of $131.90 million for the quarter, compared to analyst estimates of $129.98 million. FormFactor had a net margin of 7.46% and a return on equity of 16.81%. On average, analysts expect FormFactor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Shares of NASDAQ FORM opened at $13.95 on Tuesday. The company has a current ratio of 3.32, a quick ratio of 2.58 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1,041.95, a PE ratio of 13.95, a P/E/G ratio of 0.87 and a beta of 1.34. FormFactor has a 52 week low of $11.00 and a 52 week high of $18.65.

In other FormFactor news, CFO Michael M. Ludwig sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $13.05, for a total value of $587,250.00. Following the completion of the sale, the chief financial officer now owns 242,887 shares in the company, valued at approximately $3,169,675.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis Thomas St sold 20,867 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $13.58, for a total value of $283,373.86. Following the completion of the sale, the director now owns 61,533 shares of the company’s stock, valued at approximately $835,618.14. The disclosure for this sale can be found here. Insiders sold a total of 98,389 shares of company stock worth $1,286,174 in the last ninety days. Insiders own 1.30% of the company’s stock.

FORM has been the topic of a number of research analyst reports. Needham & Company LLC lowered their target price on FormFactor from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 18th. Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. BidaskClub lowered FormFactor from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. B. Riley reaffirmed a “buy” rating and issued a $20.00 target price (down previously from $22.00) on shares of FormFactor in a report on Monday, January 29th. Finally, Northland Securities initiated coverage on FormFactor in a report on Tuesday, April 3rd. They issued an “outperform” rating and a $21.00 target price on the stock. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.43.

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FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

Earnings History for FormFactor (NASDAQ:FORM)

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