Camtek (NASDAQ:CAMT) Posts Earnings Results, Beats Estimates By $0.06 EPS

Camtek (NASDAQ:CAMT) posted its quarterly earnings data on Tuesday. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06, Briefing.com reports. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. Camtek had a net margin of 26.53% and a return on equity of 24.84%. The firm’s revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Camtek updated its Q4 2024 guidance to EPS.

Camtek Price Performance

Shares of Camtek stock traded down $4.81 on Wednesday, hitting $79.95. 559,254 shares of the company traded hands, compared to its average volume of 540,548. The stock has a market capitalization of $3.63 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 1.70 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21. Camtek has a 52 week low of $59.33 and a 52 week high of $140.50. The business has a 50-day simple moving average of $79.51 and a 200 day simple moving average of $95.75.

Analysts Set New Price Targets

A number of research firms have commented on CAMT. Needham & Company LLC restated a “buy” rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com cut shares of Camtek from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley decreased their target price on shares of Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Northland Securities raised their target price on shares of Camtek from $99.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.57.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.