Brokerages expect Orbotech Ltd (NASDAQ:ORBK) to report earnings of $0.88 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Orbotech’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.91. Orbotech reported earnings per share of $0.87 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The company is scheduled to announce its next earnings report on Wednesday, February 13th.
On average, analysts expect that Orbotech will report full year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.39 to $3.46. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.80 per share. Zacks’ EPS averages are an average based on a survey of analysts that cover Orbotech.
Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, November 7th. The electronics maker reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.11). The business had revenue of $261.23 million during the quarter, compared to analysts’ expectations of $262.49 million. Orbotech had a return on equity of 16.36% and a net margin of 14.62%.
Several brokerages recently issued reports on ORBK. Zacks Investment Research downgraded Orbotech from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub downgraded Orbotech from a “hold” rating to a “sell” rating in a research note on Friday, August 31st. Finally, ValuEngine lowered Orbotech from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.00.
Hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its position in Orbotech by 29.2% in the 2nd quarter. Jane Street Group LLC now owns 7,141 shares of the electronics maker’s stock worth $441,000 after purchasing an additional 1,614 shares during the last quarter. Havens Advisors LLC increased its position in Orbotech by 181.5% in the 3rd quarter. Havens Advisors LLC now owns 38,000 shares of the electronics maker’s stock worth $2,259,000 after purchasing an additional 24,500 shares during the last quarter. Exane Asset Management acquired a new position in Orbotech in the 2nd quarter worth about $1,698,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Orbotech by 3.4% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 294,453 shares of the electronics maker’s stock worth $17,502,000 after purchasing an additional 9,600 shares during the last quarter. Finally, City Financial Investment Co Ltd increased its position in Orbotech by 29.4% in the 3rd quarter. City Financial Investment Co Ltd now owns 264,116 shares of the electronics maker’s stock worth $15,699,000 after purchasing an additional 59,969 shares during the last quarter. 71.08% of the stock is currently owned by institutional investors.
Orbotech stock traded down $0.86 during mid-day trading on Wednesday, hitting $59.33. The company’s stock had a trading volume of 1,322,063 shares, compared to its average volume of 369,623. The company has a market cap of $2.82 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.06 and a beta of 0.74. The company has a current ratio of 3.88, a quick ratio of 3.06 and a debt-to-equity ratio of 0.04. Orbotech has a 52-week low of $44.14 and a 52-week high of $65.75.
Orbotech Company Profile
Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.
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