Cohu (COHU) Releases Quarterly Earnings, Beats Estimates By $0.05 EPS
Cohu (NASDAQ:COHU) posted its quarterly earnings results on Wednesday. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.05, AnalystRatingsNetwork reports. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $73.60 million.
Shares of Cohu (NASDAQ:COHU) traded up 2.64% on Wednesday, hitting $10.90. The stock had a trading volume of 100,573 shares. Cohu has a 52 week low of $9.01 and a 52 week high of $12.53. The stock’s 50-day moving average is $10.72 and its 200-day moving average is $10.4. The company’s market cap is $275.2 million.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 24th. Stockholders of record on Friday, August 29th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.20%.
A number of analysts have recently weighed in on COHU shares. Analysts at Zacks downgraded shares of Cohu from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $12.10 price target on the stock. On the ratings front, analysts at B. Riley initiated coverage on shares of Cohu in a research note on Wednesday, May 14th. They set a “buy” rating and a $14.00 price target on the stock.
Cohu, Inc is a supplier of test handling, burn-in and thermal solutions used by the global semiconductor industry, microwave communications and closed-circuit television equipment.
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