KLA-Tencor Corp. (KLAC) Set to Announce Quarterly Earnings on Thursday
KLA-Tencor Corp. (NASDAQ:KLAC) is scheduled to be issuing its Q114 quarterly earnings data on Thursday, October 24th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $657.50 million for the quarter. KLA-Tencor Corp. has set its Q1 guidance at $0.53-0.73 EPS.Parties interested in participating in the company’s conference call can do so using this link.
KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.03. The company had revenue of $720.00 million for the quarter, compared to the consensus estimate of $705.21 million. During the same quarter in the previous year, the company posted $1.49 earnings per share. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. On average, analysts expect KLA-Tencor Corp. to post $3.91 EPS for the current fiscal year and $4.65 EPS for the next fiscal year.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) opened at 64.82 on Wednesday. KLA-Tencor Corp. has a 52-week low of $43.21 and a 52-week high of $60.94. The stock has a 50-day moving average of $57.80 and a 200-day moving average of $55.72. The company has a market cap of $10.743 billion and a price-to-earnings ratio of 20.19.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of KLA-Tencor Corp. in a research note to investors on Monday, October 14th. They set an “overweight” rating and a $76.00 price target on the stock. On the ratings front, analysts at Thomson Reuters/Verus upgraded shares of KLA-Tencor Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Northland Securities initiated coverage on shares of KLA-Tencor Corp. in a research note to investors on Wednesday, August 28th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. KLA-Tencor Corp. presently has an average rating of “Buy” and an average target price of $61.56.
In other KLA-Tencor Corp. news, CEO Richard P. Wallace unloaded 15,000 shares of KLA-Tencor Corp. stock on the open market in a transaction dated Thursday, October 17th. The shares were sold at an average price of $63.00, for a total value of $945,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.
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