FormFactor (NASDAQ:FORM – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.19 per share for the quarter. FormFactor has set its Q1 guidance at $0.15-0.23 EPS and its Q1 2024 guidance at 0.150-0.230 EPS.Investors interested in participating in the company’s conference call can do so using this link.
FormFactor (NASDAQ:FORM – Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $168.16 million for the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. On average, analysts expect FormFactor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
FormFactor Trading Up 2.9 %
Shares of NASDAQ:FORM opened at $41.41 on Wednesday. The stock has a 50 day moving average of $43.55 and a 200 day moving average of $40.00. The company has a market cap of $3.21 billion, a PE ratio of 39.07 and a beta of 1.18. FormFactor has a 12-month low of $24.88 and a 12-month high of $47.94. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01.
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Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. TD Cowen raised their price target on FormFactor from $33.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. Evercore ISI initiated coverage on FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 price objective on shares of FormFactor in a report on Thursday, February 8th. Finally, TheStreet raised shares of FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $42.56.
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FormFactor Company Profile
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.
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