FormFactor, Inc. (NASDAQ:FORM) Expected to Post Earnings of $0.16 Per Share

Brokerages expect FormFactor, Inc. (NASDAQ:FORM) to post $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for FormFactor’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.17. FormFactor posted earnings per share of $0.20 during the same quarter last year, which would suggest a negative year over year growth rate of 20%. The business is expected to announce its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that FormFactor will report full-year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.59 to $0.66. For the next year, analysts forecast that the business will post earnings of $0.76 per share, with EPS estimates ranging from $0.63 to $0.85. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover FormFactor.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. FormFactor had a net margin of 19.27% and a return on equity of 9.73%. The company had revenue of $138.00 million during the quarter, compared to analyst estimates of $134.65 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis.



Several research analysts have commented on the stock. Needham & Company LLC assumed coverage on shares of FormFactor in a report on Monday, June 10th. They issued a “buy” rating and a $19.00 target price for the company. Stifel Nicolaus raised their target price on shares of FormFactor from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of FormFactor from a “hold” rating to a “sell” rating and set a $19.00 target price for the company. in a report on Monday, August 5th. Finally, BidaskClub upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. FormFactor has a consensus rating of “Hold” and a consensus price target of $18.71.

Shares of FORM traded up $0.18 during midday trading on Friday, hitting $18.63. The stock had a trading volume of 207,001 shares, compared to its average volume of 333,617. FormFactor has a fifty-two week low of $11.38 and a fifty-two week high of $19.90. The business has a 50-day simple moving average of $17.10 and a two-hundred day simple moving average of $16.34. The firm has a market cap of $1.40 billion, a P/E ratio of 24.19 and a beta of 1.69. The company has a current ratio of 3.38, a quick ratio of 2.57 and a debt-to-equity ratio of 0.07.

In other news, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $17.26, for a total value of $51,780.00. Following the completion of the sale, the director now directly owns 51,000 shares of the company’s stock, valued at $880,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond A. Link sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $15.39, for a total transaction of $76,950.00. Following the completion of the sale, the director now directly owns 56,602 shares of the company’s stock, valued at $871,104.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,035 shares of company stock valued at $1,157,523. Corporate insiders own 1.88% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FORM. Dimensional Fund Advisors LP lifted its position in shares of FormFactor by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,416,256 shares of the semiconductor company’s stock worth $76,315,000 after purchasing an additional 128,782 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of FormFactor by 296.7% in the first quarter. BNP Paribas Arbitrage SA now owns 17,072 shares of the semiconductor company’s stock worth $275,000 after purchasing an additional 12,768 shares in the last quarter. Arizona State Retirement System lifted its position in shares of FormFactor by 0.7% in the first quarter. Arizona State Retirement System now owns 114,892 shares of the semiconductor company’s stock worth $1,849,000 after purchasing an additional 776 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of FormFactor by 157.8% in the first quarter. SG Americas Securities LLC now owns 29,367 shares of the semiconductor company’s stock worth $473,000 after purchasing an additional 17,976 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of FormFactor by 44.4% in the first quarter. Janus Henderson Group PLC now owns 26,377 shares of the semiconductor company’s stock worth $424,000 after purchasing an additional 8,114 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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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