Brokerages expect Orbotech Ltd. (NASDAQ:ORBK) to post $250.20 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Orbotech’s earnings, with estimates ranging from $250.00 million to $250.80 million. Orbotech reported sales of $215.04 million in the same quarter last year, which indicates a positive year over year growth rate of 16.4%. The business is expected to announce its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Orbotech will report full year sales of $250.20 million for the current financial year, with estimates ranging from $893.98 million to $894.80 million. For the next financial year, analysts anticipate that the business will report sales of $976.06 million per share, with estimates ranging from $965.48 million to $985.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Orbotech.

Several equities research analysts have recently weighed in on ORBK shares. BidaskClub upgraded shares of Orbotech from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Stifel Nicolaus started coverage on shares of Orbotech in a research note on Thursday, August 31st. They set a “buy” rating and a $46.00 target price for the company. Finally, Jefferies Group reiterated a “buy” rating and set a $42.00 target price on shares of Orbotech in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Orbotech presently has an average rating of “Buy” and a consensus price target of $51.00.

Shares of Orbotech (NASDAQ ORBK) traded down $0.36 on Friday, hitting $49.86. 263,110 shares of the stock traded hands, compared to its average volume of 403,625. Orbotech has a twelve month low of $28.01 and a twelve month high of $56.44. The firm has a market capitalization of $2,405.72, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 0.95 and a beta of 0.80. The company has a quick ratio of 2.71, a current ratio of 3.37 and a debt-to-equity ratio of 0.07.

A number of large investors have recently made changes to their positions in the stock. Strategic Global Advisors LLC lifted its position in Orbotech by 2.8% in the second quarter. Strategic Global Advisors LLC now owns 29,670 shares of the electronics maker’s stock valued at $968,000 after purchasing an additional 800 shares during the period. Oppenheimer & Co. Inc. lifted its position in Orbotech by 5.4% in the second quarter. Oppenheimer & Co. Inc. now owns 16,835 shares of the electronics maker’s stock valued at $549,000 after purchasing an additional 864 shares during the period. Renaissance Group LLC lifted its position in Orbotech by 7.7% in the third quarter. Renaissance Group LLC now owns 14,938 shares of the electronics maker’s stock valued at $631,000 after purchasing an additional 1,074 shares during the period. California Public Employees Retirement System lifted its position in Orbotech by 0.8% in the second quarter. California Public Employees Retirement System now owns 180,500 shares of the electronics maker’s stock valued at $5,888,000 after purchasing an additional 1,500 shares during the period. Finally, FNY Partners Fund LP lifted its position in Orbotech by 106.3% in the third quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock valued at $126,000 after purchasing an additional 1,546 shares during the period. Hedge funds and other institutional investors own 66.17% of the company’s stock.

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About Orbotech

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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