$0.39 EPS Expected for Onto Innovation (NASDAQ:ONTO) This Quarter

Wall Street brokerages predict that Onto Innovation (NASDAQ:ONTO) will announce $0.39 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Onto Innovation’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.46. Onto Innovation posted earnings per share of $0.53 during the same quarter last year, which suggests a negative year-over-year growth rate of 26.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Onto Innovation will report full year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.37. For the next year, analysts expect that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.75 to $2.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Onto Innovation.

Onto Innovation (NASDAQ:ONTO) last issued its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $75.40 million. During the same period in the prior year, the business posted $0.47 earnings per share. Onto Innovation’s revenue for the quarter was down 4.6% compared to the same quarter last year.

A number of equities analysts have recently commented on ONTO shares. Needham & Company LLC started coverage on shares of Onto Innovation in a report on Thursday, November 7th. They set a “buy” rating and a $47.00 price objective for the company. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of Onto Innovation in a research note on Tuesday, November 26th. Finally, TheStreet raised shares of Onto Innovation from a “c+” rating to a “b-” rating in a research report on Monday, October 28th.

In related news, Director Bruce C. Rhine sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $34.66, for a total transaction of $866,500.00. Following the completion of the transaction, the director now owns 667,117 shares in the company, valued at approximately $23,122,275.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Onto Innovation stock traded up $1.08 on Friday, hitting $33.05. The company’s stock had a trading volume of 392,247 shares, compared to its average volume of 232,986. Onto Innovation has a one year low of $25.52 and a one year high of $38.60.

Onto Innovation Company Profile

Onto Innovation Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements.

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Earnings History and Estimates for Onto Innovation (NASDAQ:ONTO)

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