$0.15 EPS Expected for Camtek LTD. (NASDAQ:CAMT) This Quarter

Wall Street brokerages predict that Camtek LTD. (NASDAQ:CAMT) will announce earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Camtek’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. Camtek reported earnings per share of $0.16 during the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The firm is scheduled to issue its next earnings report on Wednesday, October 30th.

On average, analysts expect that Camtek will report full year earnings of $0.65 per share for the current year. For the next financial year, analysts forecast that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Camtek.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $34.35 million during the quarter, compared to the consensus estimate of $34.25 million. Camtek had a net margin of 18.00% and a return on equity of 21.06%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share.

Several research firms have commented on CAMT. Zacks Investment Research cut shares of Camtek from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. ValuEngine cut shares of Camtek from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. BidaskClub raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Northland Securities reissued a “buy” rating and set a $16.00 target price on shares of Camtek in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Camtek currently has a consensus rating of “Hold” and a consensus price target of $12.17.

NASDAQ:CAMT traded up $0.22 during mid-day trading on Friday, hitting $8.56. The stock had a trading volume of 1,307 shares, compared to its average volume of 213,885. The stock has a market capitalization of $309.13 million, a price-to-earnings ratio of 16.35 and a beta of 1.57. The company has a 50 day simple moving average of $8.84 and a 200-day simple moving average of $8.95. Camtek has a 52 week low of $6.29 and a 52 week high of $11.25.

The business also recently announced an annual dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.17 per share. This is a boost from Camtek’s previous annual dividend of $0.14. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a yield of 1.9%.

Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new stake in Camtek in the second quarter valued at approximately $114,000. Sigma Planning Corp acquired a new stake in Camtek in the first quarter valued at approximately $117,000. D. E. Shaw & Co. Inc. acquired a new stake in Camtek in the fourth quarter valued at approximately $151,000. State of New Jersey Common Pension Fund D lifted its stake in Camtek by 40.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 23,278 shares of the semiconductor company’s stock valued at $197,000 after acquiring an additional 6,654 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in Camtek in the first quarter valued at approximately $307,000. Institutional investors and hedge funds own 26.55% of the company’s stock.

About Camtek

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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Earnings History and Estimates for Camtek (NASDAQ:CAMT)

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