Electro Scientific Industries (NASDAQ:ESIO) Updates Q4 Earnings Guidance

Electro Scientific Industries (NASDAQ:ESIO) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.75-$0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.83. The company issued revenue guidance of $95-$110 million, compared to the consensus revenue estimate of $107.73 million.

Electro Scientific Industries (NASDAQ ESIO) traded up $0.86 during trading on Thursday, reaching $17.41. The company’s stock had a trading volume of 1,202,100 shares, compared to its average volume of 1,655,507. The company has a quick ratio of 2.04, a current ratio of 2.86 and a debt-to-equity ratio of 0.07. Electro Scientific Industries has a twelve month low of $6.17 and a twelve month high of $27.72. The company has a market capitalization of $555.29, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 0.69 and a beta of 0.76.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.16. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The firm had revenue of $110.80 million during the quarter, compared to analysts’ expectations of $107.00 million. During the same quarter in the previous year, the business earned ($0.23) earnings per share. The company’s revenue was up 227.8% on a year-over-year basis. equities analysts expect that Electro Scientific Industries will post 1.99 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Electro Scientific Industries from a hold rating to a strong-buy rating and set a $30.00 price target for the company in a research note on Monday, January 22nd. TheStreet upgraded Electro Scientific Industries from a c rating to a b- rating in a research note on Friday, January 19th. Lake Street Capital upped their price objective on Electro Scientific Industries from $22.00 to $27.00 and gave the company a buy rating in a research report on Friday, December 1st. Needham & Company LLC upped their price objective on Electro Scientific Industries from $27.00 to $35.00 and gave the company a buy rating in a research report on Thursday, January 18th. Finally, DA Davidson reiterated a buy rating and set a $32.00 price objective on shares of Electro Scientific Industries in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $31.00.

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Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Earnings History and Estimates for Electro Scientific Industries (NASDAQ:ESIO)

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