Wall Street analysts expect that Camtek LTD. (NASDAQ:CAMT) will announce earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Camtek’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. Camtek reported earnings of $0.18 per share during the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The firm is expected to issue its next quarterly earnings results on Monday, May 4th.
On average, analysts expect that Camtek will report full year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.75. For the next financial year, analysts forecast that the business will report earnings of $0.83 per share, with EPS estimates ranging from $0.81 to $0.85. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Camtek.
Camtek (NASDAQ:CAMT) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $33.20 million during the quarter, compared to the consensus estimate of $32.50 million. Camtek had a net margin of 16.41% and a return on equity of 16.52%. Camtek’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS.
A number of analysts have issued reports on the stock. B. Riley cut their price target on shares of Camtek from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. BidaskClub downgraded Camtek from a “buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Zacks Investment Research upgraded Camtek from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, February 26th. Finally, Needham & Company LLC assumed coverage on Camtek in a research note on Wednesday, February 19th. They set a “buy” rating and a $14.00 price target for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.00.
Large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Camtek by 15.2% during the fourth quarter. Geode Capital Management LLC now owns 21,780 shares of the semiconductor company’s stock worth $235,000 after buying an additional 2,876 shares in the last quarter. First Wilshire Securities Management Inc. boosted its stake in Camtek by 3.0% during the 4th quarter. First Wilshire Securities Management Inc. now owns 115,487 shares of the semiconductor company’s stock worth $1,251,000 after purchasing an additional 3,312 shares during the last quarter. Noked Israel Ltd acquired a new stake in Camtek during the 4th quarter worth $2,218,000. Bank of America Corp DE acquired a new stake in Camtek during the 4th quarter worth $25,000. Finally, Marshall Wace LLP boosted its stake in Camtek by 282.6% during the 4th quarter. Marshall Wace LLP now owns 60,411 shares of the semiconductor company’s stock worth $659,000 after purchasing an additional 44,622 shares during the last quarter. Institutional investors own 29.30% of the company’s stock.
NASDAQ CAMT traded up $0.38 on Thursday, hitting $8.79. The company had a trading volume of 15,405 shares, compared to its average volume of 183,402. The company has a market capitalization of $309.83 million, a PE ratio of 15.16 and a beta of 1.68. The company’s fifty day moving average price is $10.14 and its 200-day moving average price is $10.54. Camtek has a 12-month low of $6.26 and a 12-month high of $14.24.
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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