Orbotech Ltd. (ORBK) Scheduled to Post Quarterly Earnings on Wednesday
Orbotech Ltd. (NASDAQ:ORBK) is scheduled to announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.79 per share for the quarter.
Orbotech (NASDAQ:ORBK) last issued its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.08. The company had revenue of $210.66 million during the quarter, compared to analysts’ expectations of $205.20 million. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts expect Orbotech to post $2.80 EPS for the current fiscal year and $3.14 EPS for the next fiscal year.
Shares of Orbotech Ltd. (NASDAQ ORBK) opened at 44.54 on Wednesday. The firm has a market cap of $2.13 billion, a PE ratio of 23.91 and a beta of 0.79. The stock has a 50 day moving average price of $42.49 and a 200 day moving average price of $37.09. Orbotech Ltd. has a 52 week low of $26.83 and a 52 week high of $44.90.
A hedge fund recently raised its stake in Orbotech stock. Vanguard Group Inc. increased its stake in Orbotech Ltd. (NASDAQ:ORBK) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,452 shares of the electronics maker’s stock after buying an additional 2,708 shares during the period. Vanguard Group Inc. owned 0.05% of Orbotech worth $830,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 69.12% of the company’s stock.
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ORBK has been the subject of a number of recent research reports. Zacks Investment Research lowered Orbotech from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Stifel Nicolaus initiated coverage on Orbotech in a research note on Thursday, August 31st. They issued a “buy” rating and a $46.00 target price for the company. Jefferies Group LLC reissued a “buy” rating and issued a $42.00 target price on shares of Orbotech in a research note on Tuesday, September 12th. BidaskClub lowered Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of Orbotech in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $41.88.
Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.
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