Nova Measuring Instruments Ltd. (NASDAQ:NVMI) to Release Earnings on Wednesday
Nova Measuring Instruments Ltd. (NASDAQ:NVMI) is set to post its quarterly earnings results before the market opens on Wednesday, August 2nd. Analysts expect Nova Measuring Instruments to post earnings of $0.40 per share for the quarter. Nova Measuring Instruments has set its Q2 guidance at $0.38-0.46 EPS.
Nova Measuring Instruments (NASDAQ:NVMI) last announced its earnings results on Tuesday, May 9th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. Nova Measuring Instruments had a return on equity of 21.37% and a net margin of 10.93%. The business had revenue of $54.40 million during the quarter, compared to analysts’ expectations of $52.30 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business’s revenue was up 59.5% compared to the same quarter last year. On average, analysts expect Nova Measuring Instruments to post $1.54 EPS for the current fiscal year and $1.71 EPS for the next fiscal year.
Shares of Nova Measuring Instruments Ltd. (NVMI) traded down 6.57% during trading on Thursday, hitting $23.45. The company’s stock had a trading volume of 379,691 shares. Nova Measuring Instruments Ltd. has a one year low of $10.94 and a one year high of $28.41. The stock has a market cap of $644.08 million, a PE ratio of 32.26 and a beta of 0.83. The company has a 50-day moving average price of $24.14 and a 200-day moving average price of $19.91.
Several brokerages have recently commented on NVMI. Needham & Company LLC boosted their price target on Nova Measuring Instruments from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. ValuEngine raised Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, May 16th. BidaskClub raised Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus boosted their price target on Nova Measuring Instruments from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.60.
About Nova Measuring Instruments
Nova Measuring Instruments Ltd. provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process.
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