Zacks: Brokerages Expect Camtek Ltd. (NASDAQ:CAMT) to Announce $0.43 EPS

Equities research analysts expect that Camtek Ltd. (NASDAQ:CAMT – Get Rating) will report earnings per share of $0.43 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Camtek’s earnings, with estimates ranging from $0.42 to $0.44. Camtek posted earnings per share of $0.33 during the same quarter last year, which indicates a positive year-over-year growth rate of 30.3%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Camtek will report full-year earnings of $1.72 per share for the current fiscal year, with EPS estimates ranging from $1.68 to $1.75. For the next financial year, analysts anticipate that the firm will post earnings of $1.84 per share, with EPS estimates ranging from $1.80 to $1.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Camtek.

Camtek (NASDAQ:CAMT – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The semiconductor company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Camtek had a net margin of 22.35% and a return on equity of 24.42%. The firm had revenue of $74.17 million during the quarter, compared to analyst estimates of $72.63 million. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue for the quarter was up 52.6% on a year-over-year basis.

Several brokerages have recently issued reports on CAMT. StockNews.com lowered shares of Camtek from a “buy” rating to a “hold” rating in a research note on Thursday, March 24th. Needham & Company LLC raised their price target on shares of Camtek from $44.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 6th. B. Riley cut their price target on shares of Camtek from $50.00 to $45.00 in a report on Tuesday, April 12th. Barclays raised their price target on shares of Camtek from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, January 12th. Finally, Zacks Investment Research raised shares of Camtek from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a report on Thursday, February 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Camtek presently has a consensus rating of “Buy” and an average price target of $45.60.

A number of large investors have recently modified their holdings of CAMT. Total Clarity Wealth Management Inc. increased its position in shares of Camtek by 31.8% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 2,893 shares of the semiconductor company’s stock valued at $133,000 after acquiring an additional 698 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Camtek by 10.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,863,309 shares of the semiconductor company’s stock worth $75,483,000 after acquiring an additional 172,399 shares in the last quarter. Barclays PLC boosted its stake in Camtek by 138.6% during the third quarter. Barclays PLC now owns 9,384 shares of the semiconductor company’s stock worth $380,000 after acquiring an additional 5,451 shares in the last quarter. AE Wealth Management LLC bought a new stake in Camtek during the third quarter worth about $634,000. Finally, Advisor Group Holdings Inc. boosted its stake in Camtek by 29.7% during the third quarter. Advisor Group Holdings Inc. now owns 12,120 shares of the semiconductor company’s stock worth $491,000 after acquiring an additional 2,776 shares in the last quarter. Institutional investors own 36.70% of the company’s stock.

Shares of CAMT stock traded down $1.44 during trading hours on Friday, hitting $29.86. 173,560 shares of the company were exchanged, compared to its average volume of 212,874. The firm has a fifty day simple moving average of $32.42 and a 200 day simple moving average of $38.57. The company has a current ratio of 5.80, a quick ratio of 5.14 and a debt-to-equity ratio of 0.66. Camtek has a 52-week low of $26.03 and a 52-week high of $49.60. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 0.61 and a beta of 1.57.

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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