Mattson Technology (MTSN) to Release Earnings on Tuesday
Mattson Technology (NASDAQ:MTSN) will post its Q313 quarterly earnings results on Tuesday, October 22nd. Analysts expect Mattson Technology to post earnings of ($0.02) per share and revenue of $30.92 million for the quarter.
Mattson Technology (NASDAQ:MTSN) last announced its earnings results on Wednesday, July 24th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.01. The company had revenue of $24.60 million for the quarter, compared to the consensus estimate of $24.86 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was down 29.5% on a year-over-year basis.
Mattson Technology (NASDAQ:MTSN) opened at 2.85 on Monday. Mattson Technology has a one year low of $0.70 and a one year high of $2.87. The stock has a 50-day moving average of $2.46 and a 200-day moving average of $2.12. The company’s market cap is $168.2 million.
Several analysts have recently commented on the stock. Analysts at B. Riley upgraded shares of Mattson Technology from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 14th. They now have a $3.50 price target on the stock, up previously from $2.25. On a related note, analysts at Northland Securities initiated coverage on shares of Mattson Technology in a research note to investors on Wednesday, August 28th. They set a “market perform” rating on the stock. Finally, analysts at Northland Capital Partners initiated coverage on shares of Mattson Technology in a research note to investors on Wednesday, August 28th. They set a “market perform” rating and a $2.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $3.00.
Mattson Technology, Inc (NASDAQ:MTSN) designs, manufactures, markets, and globally supports semiconductor wafer processing equipment used in the fabrication of integrated circuits (ICs).
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