Zacks: Analysts Anticipate Camtek Ltd. (NASDAQ:CAMT) Will Announce Earnings of $0.44 Per Share

Wall Street brokerages expect that Camtek Ltd. (NASDAQ:CAMT – Get Rating) will post earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Camtek’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.45. Camtek reported earnings per share of $0.38 during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Camtek will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.77. For the next year, analysts expect that the firm will post earnings of $1.85 per share, with EPS estimates ranging from $1.80 to $1.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Camtek.

Camtek (NASDAQ:CAMT – Get Rating) last announced its earnings results on Thursday, May 12th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Camtek had a net margin of 22.56% and a return on equity of 24.63%. The firm had revenue of $77.20 million for the quarter, compared to the consensus estimate of $76.50 million. During the same quarter last year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 34.7% on a year-over-year basis.

Several research analysts recently issued reports on CAMT shares. StockNews.com lowered shares of Camtek from a “buy” rating to a “hold” rating in a research report on Thursday, March 24th. Bank of America started coverage on shares of Camtek in a research note on Tuesday, January 25th. They set a “buy” rating and a $43.00 price target on the stock. B. Riley cut their price objective on shares of Camtek from $45.00 to $34.00 in a report on Friday, May 13th. Barclays cut their target price on shares of Camtek from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Finally, Zacks Investment Research upgraded shares of Camtek from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a report on Thursday, February 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Camtek has a consensus rating of “Buy” and an average target price of $41.40.

Several hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Camtek by 10.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,863,309 shares of the semiconductor company’s stock worth $75,483,000 after buying an additional 172,399 shares during the period. Wasatch Advisors Inc. raised its stake in Camtek by 21.9% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,226,379 shares of the semiconductor company’s stock worth $49,681,000 after purchasing an additional 220,487 shares in the last quarter. Meitav Dash Investments Ltd. raised its stake in Camtek by 5.0% in the 1st quarter. Meitav Dash Investments Ltd. now owns 644,399 shares of the semiconductor company’s stock worth $19,834,000 after purchasing an additional 30,469 shares in the last quarter. Invesco Ltd. raised its stake in Camtek by 7.8% in the 1st quarter. Invesco Ltd. now owns 610,164 shares of the semiconductor company’s stock worth $18,585,000 after purchasing an additional 44,158 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in Camtek in the 4th quarter worth about $19,601,000. 36.87% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:CAMT remained flat at $$27.20 on Friday. 134,551 shares of the stock traded hands, compared to its average volume of 152,523. Camtek has a one year low of $25.85 and a one year high of $49.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.80 and a quick ratio of 5.09. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.68 and a beta of 1.51. The firm’s 50 day moving average price is $30.39 and its 200 day moving average price is $36.67.

About Camtek (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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