Nova Measuring Instruments (NVMI) Releases Quarterly Earnings Results, Meets Expectations
Nova Measuring Instruments (NASDAQ:NVMI) announced its earnings results on Tuesday. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.15, AnalystRatingsNetwork.com reports. The company had revenue of $30.20 million for the quarter, compared to the consensus estimate of $28.94 million.
Nova Measuring Instruments (NASDAQ:NVMI) opened at 11.20 on Tuesday. Nova Measuring Instruments has a 52 week low of $8.25 and a 52 week high of $11.32. The stock’s 50-day moving average is $10.66 and its 200-day moving average is $9.33. The company has a market cap of $305.0 million and a price-to-earnings ratio of 31.22.
A number of research firms have recently commented on NVMI. Analysts at TheStreet upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. On the ratings front, analysts at Stifel Nicolaus raised their price target on shares of Nova Measuring Instruments from $11.00 to $13.00 in a research note on Friday, January 10th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Nova Measuring Instruments to $14.00 in a research note on Thursday, January 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.28.
Nova Measuring Instruments Ltd. (NASDAQ:NVMI) is a designer, developer and producer of integrated process control metrology systems.
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