Camtek (CAMT) Set to Announce Quarterly Earnings on Thursday

Camtek (NASDAQ:CAMT) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Camtek to post earnings of $0.50 per share for the quarter. Camtek has set its Q1 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Camtek (NASDAQ:CAMT) last issued its earnings results on Tuesday, February 20th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $88.70 million during the quarter, compared to the consensus estimate of $88.02 million. Camtek had a return on equity of 18.92% and a net margin of 24.93%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, analysts expect Camtek to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Camtek Trading Down 0.1 %

Shares of CAMT stock opened at $84.42 on Wednesday. The stock’s fifty day simple moving average is $80.62 and its 200 day simple moving average is $72.88. Camtek has a twelve month low of $25.70 and a twelve month high of $90.54. The firm has a market capitalization of $3.79 billion, a P/E ratio of 52.11, a P/E/G ratio of 2.86 and a beta of 1.40. The company has a quick ratio of 4.77, a current ratio of 5.66 and a debt-to-equity ratio of 0.41.

Camtek Announces Dividend

The business also recently announced a Variable dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were issued a dividend of $1.33 per share. The ex-dividend date was Wednesday, April 3rd. Camtek’s payout ratio is presently 82.10%.

Analysts Set New Price Targets

CAMT has been the topic of a number of analyst reports. Evercore ISI assumed coverage on shares of Camtek in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $100.00 price objective on the stock. B. Riley reiterated a “buy” rating and set a $102.00 price target on shares of Camtek in a report on Tuesday, March 26th. Finally, Barclays lifted their price objective on Camtek from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.75.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.