Electro Scientific Industries, Inc. (NASDAQ:ESIO) – Analysts at DA Davidson lifted their Q4 2019 earnings estimates for shares of Electro Scientific Industries in a research note issued to investors on Thursday. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings per share of $0.13 for the quarter, up from their previous estimate of $0.11.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.20. The business had revenue of $72.70 million during the quarter, compared to analyst estimates of $61.10 million. Electro Scientific Industries had a negative return on equity of 22.18% and a negative net margin of 18.49%. The company’s revenue was up 52.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share.

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A number of other equities research analysts have also recently weighed in on the company. ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday. Lake Street Capital lowered their target price on Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday. Needham & Company LLC raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday. Finally, BidaskClub cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.50.

Shares of Electro Scientific Industries (NASDAQ:ESIO) opened at 10.40 on Monday. The stock has a 50 day moving average price of $8.49 and a 200 day moving average price of $7.42. The firm’s market cap is $350.36 million. Electro Scientific Industries has a one year low of $4.50 and a one year high of $10.50.

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Electro Scientific Industries by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,513,438 shares of the semiconductor company’s stock valued at $17,518,000 after buying an additional 91,565 shares during the period. Vanguard Group Inc. boosted its stake in Electro Scientific Industries by 12.0% in the first quarter. Vanguard Group Inc. now owns 1,615,464 shares of the semiconductor company’s stock valued at $11,260,000 after buying an additional 172,926 shares during the period. Divisar Capital Management LLC boosted its stake in Electro Scientific Industries by 24.1% in the first quarter. Divisar Capital Management LLC now owns 1,437,488 shares of the semiconductor company’s stock valued at $10,019,000 after buying an additional 278,813 shares during the period. Ameriprise Financial Inc. boosted its stake in Electro Scientific Industries by 1.7% in the first quarter. Ameriprise Financial Inc. now owns 513,343 shares of the semiconductor company’s stock valued at $3,578,000 after buying an additional 8,690 shares during the period. Finally, State Street Corp boosted its stake in Electro Scientific Industries by 10.7% in the fourth quarter. State Street Corp now owns 489,408 shares of the semiconductor company’s stock valued at $2,894,000 after buying an additional 47,450 shares during the period. 71.93% of the stock is owned by institutional investors.

About Electro Scientific Industries

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Earnings History and Estimates for Electro Scientific Industries (NASDAQ:ESIO)

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