Equities analysts forecast that Electro Scientific Industries, Inc. (NASDAQ:ESIO) will announce sales of $63.45 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Electro Scientific Industries’ earnings. The highest sales estimate is $66.90 million and the lowest is $60.00 million. Electro Scientific Industries reported sales of $110.84 million during the same quarter last year, which indicates a negative year over year growth rate of 42.8%. The company is scheduled to report its next quarterly earnings results on Wednesday, January 30th.
On average, analysts expect that Electro Scientific Industries will report full-year sales of $327.75 million for the current financial year, with estimates ranging from $326.50 million to $329.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $370.00 million, with estimates ranging from $340.00 million to $400.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Electro Scientific Industries.
Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Tuesday, October 30th. The semiconductor company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Electro Scientific Industries had a net margin of 37.32% and a return on equity of 45.60%. The firm had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $84.35 million. During the same quarter in the prior year, the firm earned $0.39 EPS. Electro Scientific Industries’s quarterly revenue was up 21.1% on a year-over-year basis.
Several research firms have recently issued reports on ESIO. ValuEngine upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. BidaskClub upgraded shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. DA Davidson cut shares of Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Wednesday, October 31st. Needham & Company LLC cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Lake Street Capital cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.60.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Electro Scientific Industries by 2.2% in the third quarter. BlackRock Inc. now owns 4,871,538 shares of the semiconductor company’s stock valued at $85,008,000 after acquiring an additional 106,391 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Electro Scientific Industries by 3.4% in the second quarter. Renaissance Technologies LLC now owns 1,808,720 shares of the semiconductor company’s stock valued at $28,524,000 after acquiring an additional 60,020 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Electro Scientific Industries by 124.1% in the second quarter. Royce & Associates LP now owns 1,734,985 shares of the semiconductor company’s stock valued at $27,361,000 after acquiring an additional 960,784 shares in the last quarter. Divisar Capital Management LLC boosted its holdings in shares of Electro Scientific Industries by 13.9% in the second quarter. Divisar Capital Management LLC now owns 780,167 shares of the semiconductor company’s stock valued at $12,303,000 after acquiring an additional 95,000 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Electro Scientific Industries by 4,058.1% during the third quarter. WINTON GROUP Ltd now owns 550,495 shares of the semiconductor company’s stock valued at $9,606,000 after purchasing an additional 537,256 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
NASDAQ ESIO opened at $29.01 on Friday. Electro Scientific Industries has a 52 week low of $13.92 and a 52 week high of $29.62. The company has a quick ratio of 4.16, a current ratio of 5.67 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.23 and a beta of -0.01.
Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.
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