Analysts Anticipate Electro Scientific Industries, Inc. (ESIO) to Post $0.57 Earnings Per Share

Wall Street brokerages expect that Electro Scientific Industries, Inc. (NASDAQ:ESIO) will report $0.57 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Electro Scientific Industries’ earnings. The lowest EPS estimate is $0.56 and the highest is $0.58. Electro Scientific Industries reported earnings of $0.39 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 46.2%. The business is scheduled to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Electro Scientific Industries will report full-year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.20. For the next financial year, analysts forecast that the company will report earnings of $2.61 per share, with EPS estimates ranging from $2.32 to $2.90. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Electro Scientific Industries.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings results on Wednesday, August 1st. The semiconductor company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. The company had revenue of $110.62 million during the quarter, compared to analysts’ expectations of $104.64 million. Electro Scientific Industries had a return on equity of 47.09% and a net margin of 35.60%. Electro Scientific Industries’s revenue was up 52.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS.



ESIO has been the subject of a number of recent analyst reports. Zacks Investment Research cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. ValuEngine cut Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Stifel Nicolaus increased their target price on Electro Scientific Industries from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Finally, BidaskClub raised Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $30.40.

Shares of ESIO stock traded up $0.83 on Tuesday, reaching $23.18. The company had a trading volume of 920,378 shares, compared to its average volume of 835,693. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.22 and a quick ratio of 2.94. The stock has a market cap of $762.98 million, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. Electro Scientific Industries has a 12 month low of $10.53 and a 12 month high of $27.72.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bridge City Capital LLC bought a new stake in Electro Scientific Industries during the 2nd quarter worth approximately $1,023,000. Principal Financial Group Inc. increased its stake in Electro Scientific Industries by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 258,248 shares of the semiconductor company’s stock worth $4,992,000 after purchasing an additional 7,628 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Electro Scientific Industries by 164.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 27,902 shares of the semiconductor company’s stock worth $440,000 after purchasing an additional 17,353 shares in the last quarter. Rhumbline Advisers increased its stake in Electro Scientific Industries by 5.3% during the 1st quarter. Rhumbline Advisers now owns 78,475 shares of the semiconductor company’s stock worth $1,517,000 after purchasing an additional 3,917 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in Electro Scientific Industries by 35.4% during the 1st quarter. Ancora Advisors LLC now owns 41,051 shares of the semiconductor company’s stock worth $794,000 after purchasing an additional 10,743 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

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