Electro Scientific Industries (ESIO) to Release Earnings on Tuesday

Electro Scientific Industries (NASDAQ:ESIO) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, January 30th. Electro Scientific Industries has set its Q3 guidance at $0.48 to $0.60 EPS.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.12. The business had revenue of $70.97 million for the quarter, compared to analysts’ expectations of $65.53 million. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. The firm’s quarterly revenue was up 139.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.24) EPS. On average, analysts expect Electro Scientific Industries to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Electro Scientific Industries (NASDAQ ESIO) opened at $25.85 on Tuesday. The company has a current ratio of 2.81, a quick ratio of 1.96 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $856.58, a PE ratio of -41.03, a price-to-earnings-growth ratio of 1.24 and a beta of 0.75. Electro Scientific Industries has a twelve month low of $6.10 and a twelve month high of $27.72.

In other news, CFO Paul R. Oldham sold 120,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the completion of the transaction, the chief financial officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul R. Oldham sold 60,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $24.08, for a total value of $1,444,800.00. Following the transaction, the chief financial officer now directly owns 287,665 shares of the company’s stock, valued at approximately $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is owned by insiders.

A number of research analysts have weighed in on ESIO shares. Zacks Investment Research lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Electro Scientific Industries in a report on Thursday, November 2nd. Lake Street Capital lifted their target price on Electro Scientific Industries from $14.50 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Needham & Company LLC lifted their target price on Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, BidaskClub lowered Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Electro Scientific Industries presently has an average rating of “Buy” and an average target price of $31.00.

COPYRIGHT VIOLATION WARNING: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/23/electro-scientific-industries-esio-to-release-earnings-on-tuesday.html.

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 for Electro Scientific Industries (NASDAQ:ESIO)

Receive News & Ratings for Electro Scientific Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply