Newport Corp. (NEWP) Set to Announce Earnings on Wednesday
Newport Corp. (NASDAQ:NEWP) is scheduled to be releasing its Q214 earnings data on Wednesday, April 30th. Analysts expect Newport Corp. to post earnings of $0.18 per share and revenue of $145.59 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Newport Corp. (NASDAQ:NEWP) last released its earnings data on Wednesday, February 12th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.18. The company had revenue of $154.20 million for the quarter, compared to the consensus estimate of $144.76 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts expect Newport Corp. to post $0.95 EPS for the current fiscal year and $1.20 EPS for the next fiscal year.
Newport Corp. (NASDAQ:NEWP) opened at 18.57 on Tuesday. Newport Corp. has a 52 week low of $12.81 and a 52 week high of $21.80. The stock’s 50-day moving average is $20.27 and its 200-day moving average is $18.28. The company has a market cap of $734.8 million and a price-to-earnings ratio of 47.69.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Newport Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, March 14th. They now have a $23.60 price target on the stock. Analysts at TheStreet upgraded shares of Newport Corp. from a “hold” rating to a “buy” rating in a research note on Friday, February 14th.
Newport Corporation is a supplier of advanced technology products and systems to a range of industries, including scientific research, microelectronics, aerospace and defence/security, life and health sciences, and industrial markets.
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