Camtek LTD. (NASDAQ:CAMT) Expected to Announce Earnings of $0.18 Per Share

Brokerages forecast that Camtek LTD. (NASDAQ:CAMT) will announce $0.18 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Camtek’s earnings. Camtek posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 38.5%. The company is scheduled to issue its next earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Camtek will report full year earnings of $0.71 per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.80 to $0.87. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Camtek.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Camtek had a net margin of 16.34% and a return on equity of 21.60%. The company had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $34.00 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Camtek’s revenue for the quarter was up 24.5% on a year-over-year basis.

CAMT has been the topic of several analyst reports. BidaskClub raised shares of Camtek from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. ValuEngine raised shares of Camtek from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Northland Securities reissued a “buy” rating and issued a $16.00 price objective on shares of Camtek in a research note on Friday, June 21st. Finally, Zacks Investment Research cut shares of Camtek from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.17.

Shares of Camtek stock opened at $8.45 on Wednesday. Camtek has a twelve month low of $6.29 and a twelve month high of $11.25. The company has a market capitalization of $308.03 million, a PE ratio of 16.25 and a beta of 1.55. The business has a fifty day simple moving average of $8.48.

A number of hedge funds have recently added to or reduced their stakes in CAMT. Sphera Funds Management LTD. bought a new stake in shares of Camtek during the 1st quarter valued at about $6,249,000. Marshall Wace LLP boosted its stake in shares of Camtek by 187.0% during the 1st quarter. Marshall Wace LLP now owns 41,706 shares of the semiconductor company’s stock valued at $372,000 after purchasing an additional 27,176 shares in the last quarter. Delek Group Ltd. boosted its stake in shares of Camtek by 62.4% during the 1st quarter. Delek Group Ltd. now owns 194,514 shares of the semiconductor company’s stock valued at $1,727,000 after purchasing an additional 74,744 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Camtek by 76.8% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 55,730 shares of the semiconductor company’s stock valued at $497,000 after purchasing an additional 24,202 shares in the last quarter. Finally, GAM Holding AG bought a new stake in shares of Camtek during the 1st quarter valued at about $390,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

About Camtek

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.

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Earnings History and Estimates for Camtek (NASDAQ:CAMT)

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