KLA Co. (NASDAQ:KLAC) Expected to Announce Earnings of $4.82 Per Share

Brokerages predict that KLA Co. (NASDAQ:KLACGet Rating) will report $4.82 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for KLA’s earnings. The highest EPS estimate is $5.02 and the lowest is $4.49. KLA reported earnings per share of $3.85 during the same quarter last year, which would indicate a positive year over year growth rate of 25.2%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that KLA will report full year earnings of $20.36 per share for the current year, with EPS estimates ranging from $19.28 to $21.00. For the next fiscal year, analysts anticipate that the company will post earnings of $24.68 per share, with EPS estimates ranging from $23.67 to $25.44. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover KLA.

KLA (NASDAQ:KLACGet Rating) last issued its quarterly earnings data on Thursday, January 27th. The semiconductor company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $5.43 by $0.16. KLA had a net margin of 36.57% and a return on equity of 79.07%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the firm posted $3.24 earnings per share. KLA’s revenue for the quarter was up 42.5% on a year-over-year basis.

Several brokerages recently weighed in on KLAC. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and issued a $410.00 target price (up previously from $400.00) on shares of KLA in a report on Friday, January 28th. Stifel Nicolaus boosted their target price on shares of KLA from $450.00 to $505.00 in a report on Thursday, April 7th. Morgan Stanley dropped their target price on shares of KLA from $431.00 to $400.00 and set an “equal weight” rating on the stock in a report on Friday, January 28th. Finally, Piper Sandler boosted their target price on shares of KLA from $361.00 to $402.00 and gave the company a “neutral” rating in a report on Friday, January 28th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, KLA currently has an average rating of “Buy” and a consensus price target of $450.33.

Shares of KLA stock traded down $15.04 during trading on Friday, hitting $321.48. The company’s stock had a trading volume of 1,486,266 shares, compared to its average volume of 1,331,751. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.41 and a quick ratio of 1.76. KLA has a 52 week low of $285.89 and a 52 week high of $457.12. The stock has a market cap of $48.45 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.26. The stock has a 50-day moving average price of $353.02 and a two-hundred day moving average price of $377.46.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Monday, February 14th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, February 11th. KLA’s payout ratio is currently 21.62%.

In other KLA news, CFO Bren D. Higgins sold 1,418 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $355.06, for a total value of $503,475.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in shares of KLA during the 4th quarter valued at $25,000. D Orazio & Associates Inc. bought a new position in shares of KLA during the 3rd quarter valued at $29,000. Amplius Wealth Advisors LLC bought a new position in shares of KLA during the 4th quarter valued at $30,000. Delos Wealth Advisors LLC grew its holdings in shares of KLA by 154.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 89 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 54 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in KLA by 173.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

KLA Company Profile (Get Rating)

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Earnings History and Estimates for KLA (NASDAQ:KLAC)

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