Electro Scientific Industries Coverage Initiated at Sidoti (ESIO)
Stock analysts at Sidoti started coverage on shares of Electro Scientific Industries (NASDAQ:ESIO) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Electro Scientific Industries (NASDAQ:ESIO) traded up 0.29% during mid-day trading on Wednesday, hitting $10.22. The stock had a trading volume of 4,943 shares. Electro Scientific Industries has a 1-year low of $9.45 and a 1-year high of $12.80. The stock’s 50-day moving average is $10.05 and its 200-day moving average is $11.01. The company’s market cap is $306.8 million.
Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results 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 prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 25.7% on a year-over-year basis. On average, analysts predict that Electro Scientific Industries will post $0.01 earnings per share for the current fiscal year.
ESIO has been the subject of a number of other recent research reports. Analysts at DA Davidson cut their price target on shares of Electro Scientific Industries from $16.00 to $14.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Separately, analysts at Noble Financial downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 1st. Finally, 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, November 1st. They now have a $14.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Electro Scientific Industries has an average rating of “Hold” and a consensus target price of $13.50.
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.