Analysts Anticipate Camtek LTD. (NASDAQ:CAMT) Will Post Quarterly Sales of $34.25 Million

Equities analysts expect Camtek LTD. (NASDAQ:CAMT) to announce sales of $34.25 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Camtek’s earnings. The highest sales estimate is $34.50 million and the lowest is $34.00 million. Camtek reported sales of $30.46 million during the same quarter last year, which indicates a positive year over year growth rate of 12.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Camtek will report full year sales of $138.65 million for the current fiscal year, with estimates ranging from $138.00 million to $139.30 million. For the next financial year, analysts forecast that the business will post sales of $156.10 million, with estimates ranging from $155.00 million to $157.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Camtek.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Camtek had a net margin of 16.34% and a return on equity of 21.60%. The business had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $34.00 million. During the same period last year, the business earned $0.12 EPS. The company’s revenue was up 24.5% compared to the same quarter last year.

A number of analysts recently commented on CAMT shares. BidaskClub cut shares of Camtek from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Zacks Investment Research upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Monday, June 10th. Northland Securities reiterated a “buy” rating and issued a $16.00 target price on shares of Camtek in a research note on Friday, June 21st. Finally, ValuEngine upgraded shares of Camtek from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Camtek currently has an average rating of “Hold” and an average target price of $12.17.

NASDAQ:CAMT opened at $8.43 on Friday. Camtek has a fifty-two week low of $6.29 and a fifty-two week high of $11.25. The company has a market cap of $308.07 million, a PE ratio of 16.21 and a beta of 1.55. The firm has a 50-day moving average price of $8.51.

Hedge funds have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. raised its position in Camtek by 6.7% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 39,035 shares of the semiconductor company’s stock worth $261,000 after buying an additional 2,435 shares during the last quarter. Menta Capital LLC increased its holdings in shares of Camtek by 3.3% during the 4th quarter. Menta Capital LLC now owns 129,422 shares of the semiconductor company’s stock valued at $876,000 after purchasing an additional 4,100 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Camtek during the 1st quarter valued at approximately $117,000. Intrinsic Edge Capital Management LLC increased its holdings in shares of Camtek by 11.0% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 146,432 shares of the semiconductor company’s stock valued at $991,000 after purchasing an additional 14,509 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Camtek during the 4th quarter valued at approximately $104,000. Institutional investors own 27.17% of the company’s stock.

Camtek Company Profile

Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.

Featured Story: The limitations of an equal weight rating

Get a free copy of the Zacks research report on Camtek (CAMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Camtek (NASDAQ:CAMT)

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