Noble Financial Downgrades Electro Scientific Industries to Hold (ESIO)
Electro Scientific Industries (NASDAQ:ESIO) was downgraded by research analysts at Noble Financial from a “buy” rating to a “hold” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Separately, analysts at Needham & Company downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note to investors on Friday.
Electro Scientific Industries (NASDAQ:ESIO) opened at 10.4668 on Friday. Electro Scientific Industries has a 52-week low of $9.28 and a 52-week high of $13.17. The stock has a 50-day moving average of $11.72 and a 200-day moving average of $11.32. The company’s market cap is $313.1 million.
Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.03. The company had revenue of $59.60 million for the quarter, compared to the consensus estimate of $58.70 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 25.7% on a year-over-year basis. On average, analysts predict that Electro Scientific Industries will post $0.45 earnings per share for the current fiscal year.
Electro Scientific Industries, Inc (NASDAQ:ESIO) is a supplier of laser-based manufacturing solutions for the microtechnology industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.