Brokerages expect Camtek LTD. (NASDAQ:CAMT) to announce earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Camtek’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. Camtek posted earnings of $0.17 per share in the same quarter last year, which suggests a negative year over year growth rate of 23.5%. The business is expected to issue its next quarterly earnings report on Wednesday, February 12th.
According to Zacks, analysts expect that Camtek will report full-year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.61 to $0.63. For the next fiscal year, analysts forecast that the firm will post earnings of $0.66 per share, with EPS estimates ranging from $0.63 to $0.69. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Camtek.
Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, November 7th. The semiconductor company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $32.47 million for the quarter, compared to analyst estimates of $32.00 million. Camtek had a return on equity of 18.73% and a net margin of 17.28%. Camtek’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS.
A number of equities research analysts recently commented on the company. BidaskClub raised Camtek from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 30th. Zacks Investment Research upgraded Camtek from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th.
Several hedge funds have recently made changes to their positions in CAMT. Morgan Stanley boosted its stake in Camtek by 2,267.8% during the 2nd quarter. Morgan Stanley now owns 185,895 shares of the semiconductor company’s stock worth $1,571,000 after acquiring an additional 178,044 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Camtek by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,933,465 shares of the semiconductor company’s stock worth $16,338,000 after purchasing an additional 105,365 shares during the period. Marshall Wace LLP boosted its position in shares of Camtek by 246.2% during the second quarter. Marshall Wace LLP now owns 144,386 shares of the semiconductor company’s stock worth $1,033,000 after purchasing an additional 102,680 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Camtek during the second quarter worth $308,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Camtek by 29.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 133,405 shares of the semiconductor company’s stock valued at $1,125,000 after buying an additional 29,968 shares during the period. 28.74% of the stock is owned by institutional investors.
Shares of CAMT stock traded down $0.17 during trading hours on Friday, reaching $12.48. The company had a trading volume of 86,200 shares, compared to its average volume of 78,383. Camtek has a 1-year low of $6.93 and a 1-year high of $12.79. The firm has a market cap of $462.29 million, a price-to-earnings ratio of 24.00 and a beta of 1.61. The company has a 50 day moving average of $10.95 and a 200 day moving average of $9.91.
Camtek Company Profile
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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