Wall Street analysts expect Camtek LTD. (NASDAQ:CAMT) to report $32.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Camtek’s earnings. Camtek posted sales of $33.17 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 12th.
According to Zacks, analysts expect that Camtek will report full-year sales of $133.30 million for the current year. For the next financial year, analysts anticipate that the company will post sales of $140.35 million, with estimates ranging from $140.00 million to $140.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Camtek.
Camtek (NASDAQ:CAMT) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The firm had revenue of $32.47 million during the quarter, compared to analyst estimates of $32.00 million. Camtek had a net margin of 17.28% and a return on equity of 18.73%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS.
CAMT stock opened at $10.34 on Thursday. Camtek has a twelve month low of $6.29 and a twelve month high of $11.36. The company’s 50 day moving average is $10.46 and its two-hundred day moving average is $9.31. The stock has a market cap of $385.55 million, a P/E ratio of 19.88 and a beta of 1.63.
A number of hedge funds have recently added to or reduced their stakes in CAMT. Marshall Wace LLP raised its holdings in Camtek by 187.0% during the first quarter. Marshall Wace LLP now owns 41,706 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 27,176 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Camtek by 29.0% during the second quarter. JPMorgan Chase & Co. now owns 133,405 shares of the semiconductor company’s stock worth $1,125,000 after purchasing an additional 29,968 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Camtek by 20.6% during the second quarter. Acadian Asset Management LLC now owns 1,040,398 shares of the semiconductor company’s stock worth $8,794,000 after purchasing an additional 177,765 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Camtek by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,933,465 shares of the semiconductor company’s stock worth $16,338,000 after purchasing an additional 105,365 shares in the last quarter. Finally, GAM Holding AG raised its holdings in Camtek by 45.6% during the second quarter. GAM Holding AG now owns 63,702 shares of the semiconductor company’s stock worth $538,000 after purchasing an additional 19,965 shares in the last quarter. 29.26% of the stock is currently owned by institutional investors.
Camtek Company Profile
Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.
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