Analysts Expect Kulicke and Soffa Industries Inc. (KLIC) to Announce $0.34 EPS

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Wall Street analysts expect Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) to announce earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kulicke and Soffa Industries’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.36. Kulicke and Soffa Industries posted earnings of $0.51 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, November 19th.

According to Zacks, analysts expect that Kulicke and Soffa Industries will report full-year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.27. For the next financial year, analysts anticipate that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.00 to $2.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 1st. The semiconductor company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.23. The firm had revenue of $268.83 million for the quarter, compared to analyst estimates of $260.42 million. Kulicke and Soffa Industries had a return on equity of 19.51% and a net margin of 6.93%. Kulicke and Soffa Industries’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share.

KLIC has been the topic of several recent analyst reports. BidaskClub raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 4th. ValuEngine lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, B. Riley upped their price target on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.70.

In other news, Director Peter T. M. Kong bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were bought at an average cost of $26.89 per share, with a total value of $134,450.00. Following the transaction, the director now directly owns 45,090 shares in the company, valued at approximately $1,212,470.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of KLIC. Point72 Asset Management L.P. acquired a new position in Kulicke and Soffa Industries in the 1st quarter worth about $13,771,000. BlackRock Inc. increased its position in Kulicke and Soffa Industries by 6.8% in the 1st quarter. BlackRock Inc. now owns 6,085,082 shares of the semiconductor company’s stock worth $152,188,000 after purchasing an additional 385,765 shares during the last quarter. Royce & Associates LP increased its position in Kulicke and Soffa Industries by 8.6% in the 2nd quarter. Royce & Associates LP now owns 4,210,078 shares of the semiconductor company’s stock worth $100,284,000 after purchasing an additional 334,857 shares during the last quarter. TD Asset Management Inc. acquired a new position in Kulicke and Soffa Industries in the 2nd quarter worth about $7,437,000. Finally, United Services Automobile Association increased its position in Kulicke and Soffa Industries by 262.9% in the 2nd quarter. United Services Automobile Association now owns 305,642 shares of the semiconductor company’s stock worth $7,280,000 after purchasing an additional 221,419 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors.

NASDAQ:KLIC traded up $0.38 during trading hours on Friday, hitting $21.25. 556,731 shares of the company’s stock traded hands, compared to its average volume of 687,993. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.88 and a beta of 1.18. Kulicke and Soffa Industries has a twelve month low of $20.65 and a twelve month high of $28.71. The company has a current ratio of 5.02, a quick ratio of 4.42 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries declared that its Board of Directors has authorized a stock repurchase program on Tuesday, July 10th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 5.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Thursday, September 27th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.26%. The ex-dividend date is Wednesday, September 26th. Kulicke and Soffa Industries’s payout ratio is 30.97%.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

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