Wall Street brokerages expect Orbotech Ltd (NASDAQ:ORBK) to announce $0.90 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Orbotech’s earnings. Orbotech posted earnings of $0.91 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 1.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Orbotech will report full year earnings of $3.53 per share for the current year, with EPS estimates ranging from $3.48 to $3.58. For the next financial year, analysts expect that the business will report earnings of $3.91 per share, with EPS estimates ranging from $3.80 to $4.02. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Orbotech.
Orbotech (NASDAQ:ORBK) last announced its quarterly earnings results on Wednesday, August 1st. The electronics maker reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $267.50 million for the quarter, compared to the consensus estimate of $258.51 million. Orbotech had a net margin of 15.56% and a return on equity of 17.77%. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year.
A number of analysts recently weighed in on the stock. BidaskClub downgraded shares of Orbotech from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Zacks Investment Research downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $60.43.
Shares of NASDAQ:ORBK opened at $59.41 on Monday. The company has a market capitalization of $2.93 billion, a P/E ratio of 21.68, a PEG ratio of 1.04 and a beta of 0.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.80 and a current ratio of 3.52. Orbotech has a fifty-two week low of $40.40 and a fifty-two week high of $65.75.
Several large investors have recently made changes to their positions in the stock. Summit Global Investments raised its holdings in Orbotech by 8.0% during the 2nd quarter. Summit Global Investments now owns 10,800 shares of the electronics maker’s stock worth $667,000 after buying an additional 800 shares during the period. Northern Trust Corp raised its holdings in Orbotech by 0.9% during the 1st quarter. Northern Trust Corp now owns 100,144 shares of the electronics maker’s stock worth $6,227,000 after buying an additional 879 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Orbotech by 25.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,008 shares of the electronics maker’s stock worth $371,000 after buying an additional 1,225 shares during the period. Jane Street Group LLC raised its holdings in Orbotech by 29.2% during the 2nd quarter. Jane Street Group LLC now owns 7,141 shares of the electronics maker’s stock worth $441,000 after buying an additional 1,614 shares during the period. Finally, Swiss National Bank raised its holdings in Orbotech by 2.5% during the 2nd quarter. Swiss National Bank now owns 81,200 shares of the electronics maker’s stock worth $5,018,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 70.19% of the company’s stock.
Orbotech Company Profile
Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.
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