Nova Measuring Instruments (NVMI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Nova Measuring Instruments (NASDAQ:NVMI) released its earnings data on Wednesday. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01, AnalystRatings.NET reports. The company had revenue of $32.80 million for the quarter, compared to the consensus estimate of $33.46 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis.
NVMI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Nova Measuring Instruments from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $12.80 price target on the stock. Analysts at Singular Research reiterated a “buy” rating on shares of Nova Measuring Instruments in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $13.70.
Shares of Nova Measuring Instruments (NASDAQ:NVMI) traded down 6.20% during mid-day trading on Wednesday, hitting $10.59. 56,779 shares of the company’s stock traded hands. Nova Measuring Instruments has a 52 week low of $8.32 and a 52 week high of $12.25. The stock’s 50-day moving average is $11.64 and its 200-day moving average is $11.06. The company has a market cap of $290.5 million and a P/E ratio of 21.63.
Nova Measuring Instruments Ltd. (NASDAQ:NVMI) is a designer, developer and producer of integrated process control metrology systems.
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