FormFactor (FORM) Issues Q4 Earnings Guidance

FormFactor (NASDAQ:FORM) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.23-0.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $132-140 million, compared to the consensus revenue estimate of $131.90 million.FormFactor also updated its Q4 2018 guidance to $0.23-0.29 EPS.

Several brokerages have issued reports on FORM. B. Riley dropped their target price on FormFactor from $19.00 to $18.00 and set a buy rating for the company in a research report on Monday, July 30th. BidaskClub upgraded FormFactor from a sell rating to a hold rating in a research report on Friday, October 19th. Zacks Investment Research upgraded FormFactor from a sell rating to a hold rating in a research report on Tuesday, July 3rd. ValuEngine upgraded FormFactor from a sell rating to a hold rating in a research report on Wednesday, October 17th. Finally, TheStreet upgraded FormFactor from a c+ rating to a b rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $17.38.

Shares of NASDAQ FORM traded up $0.19 during trading hours on Wednesday, reaching $12.24. The stock had a trading volume of 374,949 shares, compared to its average volume of 703,381. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.25 and a current ratio of 2.94. The firm has a market capitalization of $871.58 million, a price-to-earnings ratio of 12.24, a PEG ratio of 1.33 and a beta of 1.33. FormFactor has a 52-week low of $11.10 and a 52-week high of $18.65.



FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, August 1st. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $135.51 million during the quarter, compared to analyst estimates of $134.87 million. FormFactor had a return on equity of 12.77% and a net margin of 5.55%. FormFactor’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. Analysts forecast that FormFactor will post 0.73 earnings per share for the current year.

In related news, Director Michael W. Zellner sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $13.49, for a total value of $148,390.00. Following the completion of the sale, the director now owns 41,875 shares in the company, valued at $564,893.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Delateur sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $14.07, for a total value of $84,420.00. Following the completion of the sale, the director now owns 13,000 shares of the company’s stock, valued at approximately $182,910. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Earnings History and Estimates for FormFactor (NASDAQ:FORM)

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