Q3 2019 EPS Estimates for Electro Scientific Industries, Inc. (ESIO) Boosted by DA Davidson

Electro Scientific Industries, Inc. (NASDAQ:ESIO) – Equities researchers at DA Davidson raised their Q3 2019 earnings per share (EPS) estimates for Electro Scientific Industries in a research report issued to clients and investors on Thursday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of $0.17 per share for the quarter, up from their prior forecast of $0.12. DA Davidson currently has a “Buy” rating and a $32.00 target price on the stock. DA Davidson also issued estimates for Electro Scientific Industries’ Q4 2019 earnings at $0.29 EPS.

Several other equities research analysts have also recently weighed in on ESIO. Needham & Company LLC increased their price objective on shares of Electro Scientific Industries from $27.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Lake Street Capital increased their price objective on shares of Electro Scientific Industries from $14.50 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, BidaskClub cut shares of Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.75.

Electro Scientific Industries (NASDAQ:ESIO) traded up $0.14 on Friday, hitting $26.44. 2,040,000 shares of the stock traded hands, compared to its average volume of 1,200,000. Electro Scientific Industries has a 52 week low of $6.10 and a 52 week high of $27.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.81. The firm has a market capitalization of $876.13, a PE ratio of -41.97, a PEG ratio of 1.61 and a beta of 0.75.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The company had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $65.53 million. During the same period in the prior year, the company posted ($0.24) earnings per share. Electro Scientific Industries’s revenue for the quarter was up 139.3% compared to the same quarter last year.

In related news, CFO Paul R. Oldham sold 120,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the transaction, the chief financial officer now directly owns 237,665 shares of the company’s stock, valued at $5,582,750.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul R. Oldham sold 60,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the transaction, the chief financial officer now directly owns 287,665 shares in the company, valued at $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PDT Partners LLC lifted its stake in shares of Electro Scientific Industries by 2.2% in the second quarter. PDT Partners LLC now owns 19,631 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 431 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Electro Scientific Industries by 0.9% in the second quarter. California State Teachers Retirement System now owns 55,864 shares of the semiconductor company’s stock valued at $460,000 after buying an additional 500 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Electro Scientific Industries by 9.6% in the second quarter. Thrivent Financial For Lutherans now owns 20,020 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 1,760 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Electro Scientific Industries by 3.4% in the third quarter. GSA Capital Partners LLP now owns 93,400 shares of the semiconductor company’s stock valued at $1,300,000 after buying an additional 3,100 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Electro Scientific Industries by 6.5% in the third quarter. Russell Investments Group Ltd. now owns 52,964 shares of the semiconductor company’s stock valued at $737,000 after buying an additional 3,225 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.

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Electro Scientific Industries Company Profile

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.

Earnings History and Estimates for Electro Scientific Industries (NASDAQ:ESIO)

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