Analysts expect that Electro Scientific Industries, Inc. (NASDAQ:ESIO) will report earnings per share (EPS) of $0.57 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Electro Scientific Industries’ earnings, with estimates ranging from $0.56 to $0.58. Electro Scientific Industries reported earnings per share of $0.39 in the same quarter last year, which would suggest a positive year over year growth rate of 46.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Electro Scientific Industries will report full year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.20. For the next fiscal year, analysts anticipate that the business will report earnings of $2.61 per share, with EPS estimates ranging from $2.32 to $2.90. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Electro Scientific Industries.
Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings data on Wednesday, August 1st. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $110.62 million during the quarter, compared to the consensus estimate of $104.64 million. Electro Scientific Industries had a net margin of 35.60% and a return on equity of 47.09%. The firm’s revenue was up 52.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share.
A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Electro Scientific Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 11th. ValuEngine downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, Zacks Investment Research downgraded shares of Electro Scientific Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.40.
In other Electro Scientific Industries news, Director Raymond A. Link sold 6,000 shares of Electro Scientific Industries stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $23.01, for a total value of $138,060.00. Following the completion of the transaction, the director now owns 73,643 shares of the company’s stock, valued at $1,694,525.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.53% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Electro Scientific Industries during the second quarter valued at $109,000. Fortis Advisors LLC acquired a new position in shares of Electro Scientific Industries during the second quarter valued at $123,000. Piedmont Investment Advisors LLC acquired a new position in shares of Electro Scientific Industries during the second quarter valued at $126,000. C M Bidwell & Associates Ltd. boosted its holdings in shares of Electro Scientific Industries by 134.2% during the first quarter. C M Bidwell & Associates Ltd. now owns 9,170 shares of the semiconductor company’s stock valued at $177,000 after acquiring an additional 5,255 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Electro Scientific Industries during the second quarter valued at $148,000. 89.30% of the stock is owned by institutional investors.
Electro Scientific Industries stock traded down $0.20 during mid-day trading on Monday, reaching $18.06. The company’s stock had a trading volume of 421,600 shares, compared to its average volume of 904,705. The company has a market cap of $609.70 million, a PE ratio of 6.78, a P/E/G ratio of 0.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.22 and a quick ratio of 2.94. Electro Scientific Industries has a twelve month low of $12.52 and a twelve month high of $27.72.
About Electro Scientific Industries
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.
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