Nova Measuring Instruments (NASDAQ:NVMI) will be releasing its earnings data before the market opens on Thursday, May 6th. Analysts expect Nova Measuring Instruments to post earnings of $0.55 per share for the quarter. Nova Measuring Instruments has set its Q1 2021
Pre-Market guidance at 0.55-0.66 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its quarterly earnings results on Thursday, February 18th. The semiconductor company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. Nova Measuring Instruments had a return on equity of 15.91% and a net margin of 18.09%. The company had revenue of $76.30 million during the quarter, compared to analysts’ expectations of $69.90 million. On average, analysts expect Nova Measuring Instruments to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NVMI opened at $89.62 on Wednesday. The stock has a 50-day moving average of $92.69 and a two-hundred day moving average of $76.47. Nova Measuring Instruments has a one year low of $37.82 and a one year high of $99.79. The stock has a market cap of $2.53 billion, a P/E ratio of 55.32 and a beta of 1.06.
A number of brokerages have commented on NVMI. Lake Street Capital lifted their price target on Nova Measuring Instruments from $68.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 19th. Zacks Investment Research upgraded Nova Measuring Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 22nd. Citigroup upped their price objective on Nova Measuring Instruments from $90.00 to $97.00 in a research report on Friday, February 19th. Bank of America initiated coverage on Nova Measuring Instruments in a research report on Tuesday, February 23rd. They set a “buy” rating and a $100.00 target price on the stock. Finally, Needham & Company LLC increased their target price on Nova Measuring Instruments from $87.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, April 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Nova Measuring Instruments currently has a consensus rating of “Buy” and an average price target of $83.29.
About Nova Measuring Instruments
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and material metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.
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