KLA-Tencor Corporation (KLAC) Scheduled to Post Quarterly Earnings on Wednesday
KLA-Tencor Corporation (NASDAQ:KLAC) is scheduled to be issuing its quarterly earnings data on Wednesday, October 18th.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. The firm had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 EPS. On average, analysts expect KLA-Tencor Corporation to post $6.70 EPS for the current fiscal year and $7.08 EPS for the next fiscal year.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 104.45 on Wednesday. KLA-Tencor Corporation has a one year low of $70.72 and a one year high of $109.59. The firm has a 50 day moving average price of $98.12 and a 200-day moving average price of $97.86. The firm has a market cap of $16.38 billion, a P/E ratio of 17.76 and a beta of 1.68.
KLAC has been the subject of a number of recent analyst reports. Credit Suisse Group restated an “outperform” rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Cowen and Company restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) lowered shares of KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $108.00 to $97.00 in a research report on Wednesday, September 13th. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. KLA-Tencor Corporation currently has an average rating of “Hold” and an average price target of $99.68.
About KLA-Tencor Corporation
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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