Orbotech (ORBK) Releases Quarterly Earnings Results
Orbotech (NASDAQ:ORBK) issued its quarterly earnings data on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.01, AmericanBankingNews.com reports. The company had revenue of $122.20 million for the quarter, compared to the consensus estimate of $122.41 million.
Orbotech (NASDAQ:ORBK) opened at 13.99 on Tuesday. Orbotech has a 1-year low of $9.03 and a 1-year high of $14.41. The stock has a 50-day moving average of $13.59 and a 200-day moving average of $12.77. The company has a market cap of $591.0 million and a P/E ratio of 22.82.
On a related note, analysts at Zacks upgraded shares of Orbotech from a “neutral” rating to an “outperform” rating in a research note on Friday, January 17th. They now have a $14.70 price target on the stock. Five analysts have rated the stock with a buy rating, Orbotech has a consensus rating of “Buy” and a consensus price target of $13.93.
Orbotech Ltd. (NASDAQ:ORBK) is principally engaged in the design, development, manufacture, marketing and servicing of yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry.
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