Orbotech Ltd (ORBK) Expected to Earn FY2017 Earnings of $2.73 Per Share

Orbotech Ltd (NASDAQ:ORBK) – Equities researchers at Jefferies Group reduced their FY2017 EPS estimates for Orbotech in a research report issued on Monday. Jefferies Group analyst M. Lipacis now forecasts that the electronics maker will earn $2.73 per share for the year, down from their previous forecast of $2.80. Jefferies Group also issued estimates for Orbotech’s Q4 2017 earnings at $0.81 EPS and FY2018 earnings at $3.14 EPS.

A number of other equities analysts also recently weighed in on the stock. Lake Street Capital restated a “buy” rating and set a $62.00 target price (up from $52.00) on shares of Orbotech in a report on Monday, January 22nd. Stifel Nicolaus boosted their target price on shares of Orbotech from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Barclays boosted their target price on shares of Orbotech to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. BidaskClub downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Orbotech has a consensus rating of “Buy” and an average target price of $52.10.

Orbotech (NASDAQ ORBK) opened at $51.06 on Thursday. The firm has a market cap of $2,281.65, a price-to-earnings ratio of 18.53, a P/E/G ratio of 0.77 and a beta of 0.75. Orbotech has a fifty-two week low of $28.36 and a fifty-two week high of $57.09. The company has a current ratio of 3.37, a quick ratio of 2.71 and a debt-to-equity ratio of 0.07.

Orbotech (NASDAQ:ORBK) last issued its earnings results on Wednesday, February 14th. The electronics maker reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. The business had revenue of $256.90 million for the quarter, compared to the consensus estimate of $256.02 million. Orbotech had a net margin of 11.89% and a return on equity of 15.72%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share.

Several large investors have recently added to or reduced their stakes in ORBK. FNY Partners Fund LP increased 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 valued at $126,000 after purchasing an additional 1,546 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Orbotech in the third quarter valued at $135,000. Buckley Wealth Management LLC acquired a new position in shares of Orbotech in the fourth quarter valued at $206,000. Trexquant Investment LP acquired a new position in shares of Orbotech in the third quarter valued at $210,000. Finally, Advisor Group Inc. increased 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 valued at $230,000 after purchasing an additional 4,171 shares during the last quarter. Hedge funds and other institutional investors own 65.20% of the company’s stock.

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Orbotech Company Profile

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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