Equities research analysts expect Camtek LTD. (NASDAQ:CAMT) to report sales of $32.50 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Camtek’s earnings. Camtek posted sales of $33.17 million during the same quarter last year, which suggests a negative year over year growth rate of 2%. The company is expected to issue its next quarterly earnings report on Wednesday, February 12th.
On average, analysts expect that Camtek will report full-year sales of $133.30 million for the current year. For the next financial year, analysts anticipate that the firm will post sales of $140.35 million, with estimates ranging from $140.00 million to $140.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Camtek.
Camtek (NASDAQ:CAMT) last released its earnings results on Thursday, November 7th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The company had revenue of $32.47 million during the quarter, compared to analyst estimates of $32.00 million. Camtek had a net margin of 17.28% and a return on equity of 18.73%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS.
CAMT has been the topic of a number of recent research reports. Zacks Investment Research lowered Camtek from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub raised Camtek from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 30th.
Several institutional investors have recently bought and sold shares of CAMT. Optimum Investment Advisors purchased a new stake in shares of Camtek in the third quarter valued at approximately $63,000. Delphi Management Inc. MA purchased a new stake in shares of Camtek in the second quarter valued at approximately $110,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Camtek in the second quarter valued at approximately $114,000. ETF Managers Group LLC boosted its stake in shares of Camtek by 7.0% in the second quarter. ETF Managers Group LLC now owns 36,437 shares of the semiconductor company’s stock valued at $307,000 after buying an additional 2,399 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Camtek in the second quarter valued at approximately $308,000. Hedge funds and other institutional investors own 28.74% of the company’s stock.
Shares of NASDAQ:CAMT traded down $0.01 during trading on Friday, reaching $10.83. The company had a trading volume of 67,214 shares, compared to its average volume of 50,116. The firm has a market capitalization of $395.73 million, a price-to-earnings ratio of 20.83 and a beta of 1.63. The stock’s fifty day moving average price is $10.55 and its 200 day moving average price is $9.64. Camtek has a fifty-two week low of $6.56 and a fifty-two week high of $11.36.
Camtek Company Profile
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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