Electro Scientific Industries, Inc. to Post Q1 2019 Earnings of $0.77 Per Share, DA Davidson Forecasts (ESIO)

Electro Scientific Industries, Inc. (NASDAQ:ESIO) – Stock analysts at DA Davidson upped their Q1 2019 earnings per share (EPS) estimates for Electro Scientific Industries in a research note issued on Thursday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $0.77 for the quarter, up from their prior forecast of $0.74. DA Davidson currently has a “Buy” rating and a $32.00 price target on the stock. DA Davidson also issued estimates for Electro Scientific Industries’ Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.30 EPS.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.16. The business had revenue of $110.80 million for the quarter, compared to analysts’ expectations of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The company’s revenue for the quarter was up 227.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.23) earnings per share.

Other analysts have also recently issued reports about the company. TheStreet upgraded Electro Scientific Industries from a “c” rating to a “b-” rating in a research note on Friday, January 19th. BidaskClub cut Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Lake Street Capital increased their price objective on Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, November 8th. Finally, Needham & Company LLC increased their price objective on Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Electro Scientific Industries presently has a consensus rating of “Buy” and an average price target of $31.00.

Shares of Electro Scientific Industries (NASDAQ ESIO) opened at $19.61 on Monday. The stock has a market capitalization of $672.80, a price-to-earnings ratio of 32.68, a PEG ratio of 0.92 and a beta of 0.76. The company has a quick ratio of 2.04, a current ratio of 2.86 and a debt-to-equity ratio of 0.07. Electro Scientific Industries has a 52 week low of $6.17 and a 52 week high of $27.72.

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. acquired a new stake in Electro Scientific Industries in the fourth quarter valued at $2,744,000. Alambic Investment Management L.P. raised its stake in Electro Scientific Industries by 58.8% in the fourth quarter. Alambic Investment Management L.P. now owns 197,585 shares of the semiconductor company’s stock valued at $4,234,000 after buying an additional 73,159 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Electro Scientific Industries in the fourth quarter valued at $1,714,000. Chicago Equity Partners LLC grew its holdings in shares of Electro Scientific Industries by 473.0% during the fourth quarter. Chicago Equity Partners LLC now owns 231,793 shares of the semiconductor company’s stock worth $4,967,000 after purchasing an additional 191,337 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Electro Scientific Industries during the fourth quarter worth about $2,751,000. Institutional investors own 74.84% of the company’s stock.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $23.49, for a total value of $2,818,800.00. Following the sale, the chief financial officer now directly owns 237,665 shares in the company, valued at $5,582,750.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul R. Oldham sold 60,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $24.08, for a total value of $1,444,800.00. Following the completion of the sale, the chief financial officer now 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 company insiders.

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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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