Analysts Anticipate FormFactor, Inc. (NASDAQ:FORM) Will Post Earnings of $0.26 Per Share

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Wall Street brokerages forecast that FormFactor, Inc. (NASDAQ:FORM) will post earnings per share of $0.26 for the current quarter, according to Zacks. Three analysts have made estimates for FormFactor’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.26. FormFactor posted earnings per share of $0.31 in the same quarter last year, which suggests a negative year-over-year growth rate of 16.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 5th.

On average, analysts expect that FormFactor will report full-year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.90. For the next financial year, analysts expect that the firm will report earnings of $1.04 per share, with EPS estimates ranging from $0.95 to $1.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover FormFactor.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm had revenue of $140.60 million for the quarter, compared to the consensus estimate of $140.54 million. FormFactor had a net margin of 19.18% and a return on equity of 8.82%. FormFactor’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS.

A number of research firms have commented on FORM. Needham & Company LLC boosted their price target on shares of FormFactor from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. B. Riley began coverage on shares of FormFactor in a research report on Friday, November 22nd. They set a “buy” rating and a $26.00 price target on the stock. ValuEngine downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 5th. Finally, Northland Securities reiterated a “hold” rating and issued a $20.00 target price on shares of FormFactor in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.50.

Shares of FORM stock traded up $0.36 during midday trading on Friday, reaching $23.56. 8,866 shares of the company were exchanged, compared to its average volume of 348,781. FormFactor has a 12 month low of $12.72 and a 12 month high of $23.56. The company has a market cap of $1.76 billion, a P/E ratio of 30.58 and a beta of 1.73. The company’s 50 day moving average price is $22.46 and its two-hundred day moving average price is $18.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.75.

In related news, CEO Mike Slessor sold 14,976 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $22.82, for a total transaction of $341,752.32. Following the transaction, the chief executive officer now directly owns 336,623 shares of the company’s stock, valued at $7,681,736.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis Thomas St sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $22.68, for a total transaction of $113,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,976 shares of company stock worth $1,774,952. 1.88% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of FORM. Meeder Asset Management Inc. grew its position in FormFactor by 343.9% in the second quarter. Meeder Asset Management Inc. now owns 3,298 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 2,555 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of FormFactor in the second quarter worth $58,000. SG Americas Securities LLC acquired a new stake in shares of FormFactor in the third quarter worth $108,000. First Quadrant L P CA acquired a new position in FormFactor during the 2nd quarter valued at $134,000. Finally, Flinton Capital Management LLC raised its stake in FormFactor by 10.7% during the 2nd quarter. Flinton Capital Management LLC now owns 9,568 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 928 shares during the last quarter. 92.94% of the stock is owned by institutional investors.

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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