Electro Scientific Industries (ESIO) Downgraded by BidaskClub

Share on StockTwits

Electro Scientific Industries (NASDAQ:ESIO) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, June 22nd.

ESIO has been the topic of a number of other research reports. Lake Street Capital set a $30.00 price target on shares of Electro Scientific Industries and gave the company a “buy” rating in a report on Thursday, March 22nd. ValuEngine raised shares of Electro Scientific Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Thursday, June 7th. Finally, Stifel Nicolaus initiated coverage on shares of Electro Scientific Industries in a research report on Wednesday, March 14th. They set a “buy” rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.40.

NASDAQ:ESIO opened at $15.77 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.49 and a quick ratio of 2.41. Electro Scientific Industries has a 52 week low of $7.50 and a 52 week high of $27.72. The firm has a market cap of $542.60 million, a P/E ratio of 5.88, a PEG ratio of 0.59 and a beta of 0.96.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.15. Electro Scientific Industries had a net margin of 31.59% and a return on equity of 40.37%. The company had revenue of $113.39 million during the quarter, compared to analyst estimates of $103.53 million. During the same period last year, the business earned $0.09 EPS. Electro Scientific Industries’s quarterly revenue was up 127.1% compared to the same quarter last year. equities research analysts expect that Electro Scientific Industries will post 2.23 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC acquired a new position in shares of Electro Scientific Industries during the fourth quarter valued at about $118,000. LS Investment Advisors LLC boosted its position in Electro Scientific Industries by 723.4% in the fourth quarter. LS Investment Advisors LLC now owns 7,361 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 6,467 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its position in Electro Scientific Industries by 134.2% in the first quarter. C M Bidwell & Associates Ltd. now owns 9,170 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 5,255 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Electro Scientific Industries by 1,793.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,581 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 9,075 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in Electro Scientific Industries in the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.

Receive News & Ratings for Electro Scientific Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply