$76.67 Million in Sales Expected for Camtek Ltd. (NASDAQ:CAMT) This Quarter

Equities research analysts expect Camtek Ltd. (NASDAQ:CAMT – Get Rating) to announce sales of $76.67 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Camtek’s earnings, with the lowest sales estimate coming in at $76.00 million and the highest estimate coming in at $77.00 million. Camtek reported sales of $57.35 million during the same quarter last year, which indicates a positive year over year growth rate of 33.7%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Camtek will report full year sales of $312.53 million for the current year, with estimates ranging from $308.00 million to $315.60 million. For the next year, analysts forecast that the firm will post sales of $332.85 million, with estimates ranging from $330.00 million to $335.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Camtek.

Camtek (NASDAQ:CAMT – Get Rating) last issued its earnings results on Thursday, February 10th. The semiconductor company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $74.17 million for the quarter, compared to analysts’ expectations of $72.63 million. Camtek had a net margin of 22.35% and a return on equity of 24.42%. The firm’s revenue was up 52.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS.

CAMT has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of Camtek in a report on Tuesday, January 25th. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research raised shares of Camtek from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a report on Thursday, February 17th. StockNews.com lowered shares of Camtek from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Barclays raised their price target on shares of Camtek from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, January 12th. Finally, Needham & Company LLC lifted their target price on shares of Camtek from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $45.60.

A number of large investors have recently bought and sold shares of CAMT. Marshall Wace LLP boosted its stake in Camtek by 187.0% during the first quarter. Marshall Wace LLP now owns 41,706 shares of the semiconductor company’s stock worth $372,000 after acquiring an additional 27,176 shares in the last quarter. Bank of America Corp DE boosted its stake in Camtek by 13.1% during the second quarter. Bank of America Corp DE now owns 2,772 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 322 shares in the last quarter. Morgan Stanley boosted its stake in Camtek by 1,555.6% during the second quarter. Morgan Stanley now owns 216,332 shares of the semiconductor company’s stock worth $8,158,000 after acquiring an additional 203,265 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Camtek by 8.5% during the second quarter. Parametric Portfolio Associates LLC now owns 14,286 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Jag Capital Management LLC bought a new stake in Camtek during the third quarter worth about $237,000. 36.70% of the stock is currently owned by institutional investors and hedge funds.

Camtek stock traded down $1.44 during trading hours on Tuesday, reaching $29.86. The stock had a trading volume of 173,560 shares, compared to its average volume of 212,874. The stock has a market cap of $1.31 billion, a PE ratio of 22.28, a PEG ratio of 0.61 and a beta of 1.57. Camtek has a 52 week low of $26.03 and a 52 week high of $49.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 5.80 and a quick ratio of 5.14. The company has a fifty day simple moving average of $32.42 and a 200-day simple moving average of $38.57.

Camtek Company Profile (Get Rating)

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanical systems, radio frequency, and other segments of the semiconductor industry.

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