Zacks: Brokerages Expect Xcerra Corporation (XCRA) Will Announce Quarterly Sales of $105.70 Million
Brokerages expect that Xcerra Corporation (NASDAQ:XCRA) will post sales of $105.70 million for the current quarter, Zacks reports. Three analysts have provided estimates for Xcerra Corporation’s earnings, with estimates ranging from $100.50 million to $110.00 million. Xcerra Corporation posted sales of $80.09 million during the same quarter last year, which suggests a positive year over year growth rate of 32%. The firm is scheduled to announce its next quarterly earnings results on Thursday, December 7th.
According to Zacks, analysts expect that Xcerra Corporation will report full year sales of $105.70 million for the current financial year, with estimates ranging from $410.00 million to $437.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $0.00 per share. Zacks’ sales calculations are an average based on a survey of research firms that cover Xcerra Corporation.
Xcerra Corporation (NASDAQ:XCRA) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.06. Xcerra Corporation had a net margin of 5.77% and a return on equity of 9.08%. The company had revenue of $126.93 million during the quarter, compared to the consensus estimate of $106.97 million.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Xcerra Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Saturday, September 2nd. BidaskClub lowered Xcerra Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. B. Riley reiterated a “hold” rating and issued a $10.25 price objective on shares of Xcerra Corporation in a research report on Saturday, September 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra Corporation in a research report on Friday, September 1st. Finally, ValuEngine upgraded Xcerra Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.40.
Shares of Xcerra Corporation (NASDAQ XCRA) opened at 9.86 on Friday. The firm has a 50-day moving average of $9.57 and a 200-day moving average of $9.56. The firm has a market capitalization of $534.99 million, a P/E ratio of 24.05 and a beta of 1.60. Xcerra Corporation has a one year low of $5.32 and a one year high of $10.01.
In other Xcerra Corporation news, VP Pascal Ronde sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.74, for a total transaction of $487,000.00. Following the transaction, the vice president now owns 317,250 shares in the company, valued at $3,090,015. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of XCRA. CNH Partners LLC bought a new position in Xcerra Corporation during the second quarter worth about $26,633,000. Paulson & CO. Inc. bought a new position in shares of Xcerra Corporation during the 2nd quarter valued at about $24,655,000. Alpine Associates Management Inc. bought a new position in shares of Xcerra Corporation during the 2nd quarter valued at about $16,626,000. City Financial Investment Co Ltd bought a new position in shares of Xcerra Corporation during the 2nd quarter valued at about $7,330,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Xcerra Corporation by 783.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 701,940 shares of the semiconductor company’s stock valued at $6,858,000 after purchasing an additional 622,458 shares in the last quarter. Hedge funds and other institutional investors own 84.73% of the company’s stock.
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About Xcerra Corporation
Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.
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