$1.98 Earnings Per Share Expected for KLA-Tencor Corp (KLAC) This Quarter

Equities research analysts forecast that KLA-Tencor Corp (NASDAQ:KLAC) will report earnings per share (EPS) of $1.98 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for KLA-Tencor’s earnings. The lowest EPS estimate is $1.97 and the highest is $2.00. KLA-Tencor posted earnings per share of $1.62 during the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The company is scheduled to announce its next earnings report on Thursday, April 26th.

On average, analysts expect that KLA-Tencor will report full-year earnings of $7.71 per share for the current fiscal year, with EPS estimates ranging from $7.50 to $7.81. For the next financial year, analysts forecast that the company will report earnings of $8.62 per share, with EPS estimates ranging from $8.31 to $8.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover KLA-Tencor.

KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.24. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The firm had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. During the same period last year, the firm posted $1.52 earnings per share. KLA-Tencor’s revenue for the quarter was up 11.3% compared to the same quarter last year.

Several analysts recently commented on the company. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Stifel Nicolaus lifted their target price on KLA-Tencor from $121.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. B. Riley reiterated a “buy” rating and issued a $142.00 target price (up from $129.00) on shares of KLA-Tencor in a research note on Monday, January 22nd. KeyCorp lifted their target price on KLA-Tencor from $134.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Finally, Needham & Company LLC lifted their target price on KLA-Tencor from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $118.54.

In related news, CFO Bren D. Higgins sold 3,599 shares of KLA-Tencor stock in a transaction on Monday, November 13th. The stock was sold at an average price of $101.52, for a total transaction of $365,370.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Virendra A. Kirloskar sold 600 shares of KLA-Tencor stock in a transaction on Monday, November 13th. The stock was sold at an average price of $101.52, for a total value of $60,912.00. The disclosure for this sale can be found here. Insiders sold a total of 44,482 shares of company stock valued at $4,755,881 over the last three months. Insiders own 0.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of KLA-Tencor by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 750 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of KLA-Tencor during the 3rd quarter worth about $148,000. Edge Advisors LLC raised its position in shares of KLA-Tencor by 77.8% during the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 872 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of KLA-Tencor during the 3rd quarter worth about $212,000. Finally, Foundry Partners LLC acquired a new stake in shares of KLA-Tencor during the 3rd quarter worth about $215,000. 90.96% of the stock is owned by hedge funds and other institutional investors.

KLA-Tencor (NASDAQ:KLAC) traded up $1.10 during mid-day trading on Tuesday, hitting $102.30. 1,034,545 shares of the company were exchanged, compared to its average volume of 1,429,510. KLA-Tencor has a 1 year low of $86.33 and a 1 year high of $121.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73. The stock has a market capitalization of $16,683.17, a price-to-earnings ratio of 24.79 and a beta of 1.53.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.59 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.31%. KLA-Tencor’s dividend payout ratio is currently 56.87%.

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About KLA-Tencor

KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

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Earnings History and Estimates for KLA-Tencor (NASDAQ:KLAC)

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