Nova (NVMI) to Release Earnings on Thursday

Nova (NASDAQ:NVMI) is scheduled to be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Nova has set its Q1 guidance at $1.21-1.33 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.14. Nova had a net margin of 26.32% and a return on equity of 20.55%. The company had revenue of $134.22 million during the quarter, compared to analysts’ expectations of $128.00 million. On average, analysts expect Nova to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Nova Stock Up 2.1 %

Shares of NASDAQ:NVMI opened at $182.10 on Tuesday. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 6.76 and a beta of 1.40. Nova has a 12 month low of $89.59 and a 12 month high of $190.51. The company’s fifty day simple moving average is $174.79 and its 200 day simple moving average is $146.47.

Analysts Set New Price Targets

NVMI has been the topic of a number of research reports. Benchmark boosted their price target on Nova from $150.00 to $187.00 and gave the company a “buy” rating in a report on Friday, February 16th. Evercore ISI initiated coverage on shares of Nova in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $210.00 price target on the stock.

About Nova

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.