Several brokerages have updated their recommendations and price targets on shares of Electro Scientific Industries (NASDAQ: ESIO) in the last few weeks:

  • 8/3/2017 – Electro Scientific Industries was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/3/2017 – Electro Scientific Industries was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock.
  • 8/3/2017 – Electro Scientific Industries had its price target lowered by analysts at Lake Street Capital from $10.50 to $9.00. They now have a “buy” rating on the stock.
  • 8/2/2017 – Electro Scientific Industries was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Electro Scientific Industries was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Electro Scientific Industries, Inc. (NASDAQ ESIO) traded up 0.58% during mid-day trading on Monday, reaching $10.49. The company had a trading volume of 307,591 shares. Electro Scientific Industries, Inc. has a 12-month low of $4.50 and a 12-month high of $10.52. The stock’s market capitalization is $353.39 million. The stock has a 50 day moving average price of $8.49 and a 200-day moving average price of $7.42.

Electro Scientific Industries (NASDAQ:ESIO) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.20. The business had revenue of $72.70 million for 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 quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. Equities analysts anticipate that Electro Scientific Industries, Inc. will post $0.54 EPS for the current fiscal year.

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.

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