Camtek (CAMT) Expected to Announce Quarterly Earnings on Wednesday

Camtek (NASDAQ:CAMT) is expected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Camtek to post earnings of $0.74 per share and revenue of $115.08 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The business had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. On average, analysts expect Camtek to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Camtek Trading Up 2.8 %

NASDAQ:CAMT opened at $88.75 on Tuesday. Camtek has a 52 week low of $69.83 and a 52 week high of $140.50. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 1.43 and a beta of 1.34. The company’s 50 day moving average price is $86.51 and its 200-day moving average price is $84.29. The company has a quick ratio of 4.36, a current ratio of 5.28 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

CAMT has been the subject of a number of research analyst reports. StockNews.com raised Camtek from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays reduced their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $95.00 target price on shares of Camtek in a research note on Wednesday, November 13th. Northland Securities raised their price target on shares of Camtek from $102.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Cantor Fitzgerald assumed coverage on shares of Camtek in a report on Monday, January 13th. They set a “neutral” rating and a $100.00 price objective for the company. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.44.

Camtek Company Profile

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.