Orbotech Ltd (ORBK) to Post FY2017 Earnings of $2.76 Per Share, Oppenheimer Forecasts

Orbotech Ltd (NASDAQ:ORBK) – Analysts at Oppenheimer reduced their FY2017 earnings estimates for shares of Orbotech in a research report issued to clients and investors on Wednesday. Oppenheimer analyst A. Uerkwitz now expects that the electronics maker will post earnings per share of $2.76 for the year, down from their prior estimate of $2.85. Oppenheimer has a “Outperform” rating and a $54.00 price objective on the stock. Oppenheimer also issued estimates for Orbotech’s Q4 2017 earnings at $0.85 EPS.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. ValuEngine downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a report on Thursday. Barclays raised their price target on shares of Orbotech to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus raised their price target on shares of Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $51.00.

Shares of Orbotech (NASDAQ ORBK) opened at $56.31 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37. The stock has a market cap of $2,700.00, a PE ratio of 26.81, a PEG ratio of 0.91 and a beta of 0.80. Orbotech has a 1-year low of $28.01 and a 1-year high of $56.77.

Orbotech (NASDAQ:ORBK) last announced its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Orbotech had a net margin of 11.89% and a return on equity of 15.72%.

Several institutional investors and hedge funds have recently bought and sold shares of ORBK. FNY Partners Fund LP boosted its holdings in shares of Orbotech by 106.3% in the third quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock worth $126,000 after buying an additional 1,546 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Orbotech in the third quarter worth approximately $135,000. Legal & General Group Plc boosted its holdings in shares of Orbotech by 293.4% in the second quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after buying an additional 3,227 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Orbotech in the third quarter worth approximately $210,000. Finally, Advisor Group Inc. boosted its holdings in shares of Orbotech by 325.1% in the third quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock worth $230,000 after buying an additional 4,171 shares during the last quarter. 66.25% of the stock is currently owned by institutional investors.

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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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