Electro Scientific Industries Inc. Announces Quarterly Dividend of $0.08 (ESIO)
Electro Scientific Industries (NASDAQ:ESIO) announced a quarterly dividend on Friday, May 16th, Analyst RN reports. Investors of record on Tuesday, May 27th will be paid a dividend of 0.08 per share on Tuesday, June 10th. This represents a $0.32 annualized dividend and a dividend yield of 4.77%.
A number of research firms have recently commented on ESIO. Analysts at TheStreet downgraded shares of Electro Scientific Industries from a “buy” rating to a “sell” rating in a research note on Thursday. On a related note, analysts at DA Davidson cut their price target on shares of Electro Scientific Industries from $13.00 to $10.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Imperial Capital reiterated a “buy” rating on shares of Electro Scientific Industries in a research note on Wednesday. They now have a $10.00 price target on the stock, down previously from $13.00. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Electro Scientific Industries has a consensus rating of “Hold” and a consensus price target of $11.90.
Shares of Electro Scientific Industries (NASDAQ:ESIO) remained flat at $6.71 during trading on Friday. 138,892 shares of the company’s stock traded hands. Electro Scientific Industries has a one year low of $6.43 and a one year high of $12.80. The stock’s 50-day moving average is $8.9 and its 200-day moving average is $9.. The company’s market cap is $200.7 million.
Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.01. The company had revenue of $37.10 million for the quarter, compared to the consensus estimate of $37.00 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Electro Scientific Industries will post $-0.36 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.