FormFactor (NASDAQ:FORM) will be posting its quarterly earnings results after the market closes on Wednesday, October 28th. Analysts expect FormFactor to post earnings of $0.31 per share for the quarter. FormFactor has set its Q3 2020
After-Hours guidance at 0.30-0.38 EPS and its Q3 guidance at $0.30 to $0.38 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $157.82 million for the quarter, compared to analyst estimates of $159.00 million. FormFactor had a return on equity of 12.84% and a net margin of 9.92%. On average, analysts expect FormFactor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of FORM stock opened at $28.98 on Tuesday. FormFactor has a 1-year low of $16.35 and a 1-year high of $33.07. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 35.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.70 and a quick ratio of 2.98. The stock has a 50 day simple moving average of $26.04 and a 200-day simple moving average of $26.66.
In other FormFactor news, CEO Mike Slessor sold 25,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $24.44, for a total transaction of $611,000.00. Following the transaction, the chief executive officer now owns 401,633 shares of the company’s stock, valued at $9,815,910.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 75,000 shares of company stock worth $1,864,000. 1.22% of the stock is currently owned by company insiders.
Several equities analysts have issued reports on the stock. Cowen increased their price objective on shares of FormFactor from $24.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, July 2nd. Zacks Investment Research cut FormFactor from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a report on Monday, October 5th. B. Riley reissued a “buy” rating and set a $45.00 target price on shares of FormFactor in a report on Friday, August 14th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, September 9th. Finally, BidaskClub upgraded FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, October 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $31.70.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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.
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