Equities research analysts expect Electro Scientific Industries, Inc. (NASDAQ:ESIO) to post earnings of $0.57 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Electro Scientific Industries’ earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.56. Electro Scientific Industries reported earnings per share of $0.39 in the same quarter last year, which suggests a positive year over year growth rate of 46.2%. The company is scheduled to report its next earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Electro Scientific Industries will report full-year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.20. For the next year, analysts anticipate that the company will report earnings of $2.61 per share, with EPS estimates ranging from $2.32 to $2.90. Zacks’ EPS averages are an average based on a survey of research analysts that follow Electro Scientific Industries.
Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Wednesday, August 1st. The semiconductor company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.11. Electro Scientific Industries had a return on equity of 47.09% and a net margin of 35.60%. The company had revenue of $110.62 million during the quarter, compared to analyst estimates of $104.64 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. Electro Scientific Industries’s revenue was up 52.2% compared to the same quarter last year.
Several analysts recently commented on ESIO shares. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, June 28th. ValuEngine raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus boosted their price target on Electro Scientific Industries from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Finally, BidaskClub lowered Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $30.40.
Shares of ESIO traded up $0.83 during trading hours on Tuesday, hitting $23.18. The stock had a trading volume of 920,378 shares, compared to its average volume of 835,693. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.22 and a quick ratio of 2.94. Electro Scientific Industries has a 12 month low of $10.53 and a 12 month high of $27.72. The firm has a market capitalization of $762.98 million, a P/E ratio of 8.65, a PEG ratio of 0.90 and a beta of 1.02.
Several large investors have recently bought and sold shares of ESIO. Piedmont Investment Advisors LLC purchased a new stake in shares of Electro Scientific Industries in the second quarter worth about $126,000. United Services Automobile Association purchased a new stake in shares of Electro Scientific Industries in the second quarter worth about $168,000. C M Bidwell & Associates Ltd. lifted its position in shares of Electro Scientific Industries by 134.2% in the first quarter. C M Bidwell & Associates Ltd. now owns 9,170 shares of the semiconductor company’s stock worth $177,000 after buying an additional 5,255 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Electro Scientific Industries by 1,793.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,581 shares of the semiconductor company’s stock worth $183,000 after buying an additional 9,075 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its position in shares of Electro Scientific Industries by 45.3% in the second quarter. NumerixS Investment Technologies Inc now owns 12,500 shares of the semiconductor company’s stock worth $199,000 after buying an additional 3,900 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.
Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.
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