Camtek (CAMT) to Release Earnings on Thursday

Camtek (NASDAQ:CAMTGet Rating) is scheduled to release its earnings data before the market opens on Thursday, May 12th. Analysts expect Camtek to post earnings of $0.40 per share for the quarter. Camtek has set its Q1 2022 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Camtek (NASDAQ:CAMTGet Rating) last posted its quarterly earnings data on Thursday, February 10th. The semiconductor company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Camtek had a return on equity of 24.42% and a net margin of 22.35%. The business had revenue of $74.17 million for the quarter, compared to analysts’ expectations of $72.63 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 52.6% on a year-over-year basis. On average, analysts expect Camtek to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CAMT stock opened at $27.53 on Tuesday. The stock has a fifty day simple moving average of $30.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 5.14 and a current ratio of 5.80. Camtek has a 1-year low of $26.03 and a 1-year high of $49.60. The stock has a market capitalization of $1.21 billion, a PE ratio of 20.54, a P/E/G ratio of 2.96 and a beta of 1.51.

A number of research analysts have recently commented on CAMT shares. Bank of America started coverage on Camtek in a research report on Tuesday, January 25th. They set a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research raised Camtek from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research report on Thursday, February 17th. Barclays dropped their price target on Camtek from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. StockNews.com cut Camtek from a “buy” rating to a “hold” rating in a research report on Thursday, March 24th. Finally, B. Riley dropped their price target on Camtek from $50.00 to $45.00 in a research report on Tuesday, April 12th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Camtek currently has an average rating of “Buy” and an average target price of $43.60.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in Camtek by 13.1% during the 2nd quarter. Bank of America Corp DE now owns 2,772 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 322 shares in the last quarter. Northern Trust Corp purchased a new stake in Camtek during the 4th quarter worth about $199,000. State Street Corp bought a new position in Camtek in the 4th quarter worth about $225,000. Schonfeld Strategic Advisors LLC bought a new position in Camtek in the 4th quarter worth about $304,000. Finally, JPMorgan Chase & Co. increased its stake in Camtek by 17.8% in the 4th quarter. JPMorgan Chase & Co. now owns 34,130 shares of the semiconductor company’s stock worth $1,572,000 after acquiring an additional 5,163 shares during the last quarter. 36.87% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History for Camtek (NASDAQ:CAMT)

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