Electro Scientific Industries Stock Price Up 4.8% After Dividend Announcement (ESIO)
Shares of Electro Scientific Industries (NASDAQ:ESIO) rose 4.8% during trading on Monday after the company announced a dividend, AnalystRatingsNetwork.com reports. The company traded as high as $7.59 and last traded at $7.42, with a volume of 139,141 shares trading hands. The stock had previously closed at $7.08.
The newly announced dividend is scheduled for Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Thursday, August 28th.
The stock’s 50-day moving average is $6.56 and its 200-day moving average is $8.06. The company’s market cap is $224.9 million.
Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.24) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.03. The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $32.33 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 24.2% on a year-over-year basis. On average, analysts predict that Electro Scientific Industries will post $-0.71 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.