Brokerages Expect FormFactor, Inc. (NASDAQ:FORM) Will Announce Earnings of $0.39 Per Share

Equities research analysts expect FormFactor, Inc. (NASDAQ:FORMGet Rating) to announce $0.39 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for FormFactor’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.37. FormFactor posted earnings of $0.38 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that FormFactor will report full year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.82. For the next financial year, analysts expect that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.97 to $2.04. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover FormFactor.

FormFactor (NASDAQ:FORMGet Rating) last released its quarterly earnings results on Wednesday, February 2nd. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $205.00 million for the quarter, compared to analyst estimates of $198.17 million. FormFactor had a return on equity of 13.02% and a net margin of 10.90%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share.

FORM has been the topic of a number of research analyst reports. B. Riley decreased their target price on FormFactor from $60.00 to $55.00 in a research report on Thursday, February 3rd. StockNews.com initiated coverage on FormFactor in a research report on Thursday, March 31st. They set a “buy” rating on the stock. CL King boosted their target price on FormFactor from $43.00 to $45.00 in a research report on Tuesday. Citigroup boosted their target price on FormFactor from $45.00 to $50.00 in a research report on Thursday, February 3rd. Finally, Needham & Company LLC boosted their target price on FormFactor from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 6th.

In other news, Director Rebeca Obregon-Jimenez sold 2,400 shares of the business’s stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $41.61, for a total value of $99,864.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.94% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its holdings in shares of FormFactor by 2.2% in the fourth quarter. D.A. Davidson & CO. now owns 13,190 shares of the semiconductor company’s stock worth $603,000 after acquiring an additional 285 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in FormFactor by 0.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 58,565 shares of the semiconductor company’s stock valued at $2,186,000 after purchasing an additional 312 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in FormFactor by 3.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 10,685 shares of the semiconductor company’s stock valued at $489,000 after purchasing an additional 326 shares during the last quarter. HighTower Advisors LLC increased its stake in FormFactor by 1.6% during the fourth quarter. HighTower Advisors LLC now owns 21,031 shares of the semiconductor company’s stock worth $966,000 after acquiring an additional 341 shares during the last quarter. Finally, Redmond Asset Management LLC increased its stake in FormFactor by 1.6% during the fourth quarter. Redmond Asset Management LLC now owns 22,376 shares of the semiconductor company’s stock worth $1,023,000 after acquiring an additional 347 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

FormFactor stock opened at $36.00 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.52 and a quick ratio of 2.77. FormFactor has a 1-year low of $32.69 and a 1-year high of $50.48. The company has a market cap of $2.81 billion, a PE ratio of 33.64 and a beta of 1.38. The stock’s 50 day moving average price is $40.44 and its 200 day moving average price is $41.20.

FormFactor Company Profile (Get Rating)

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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