Camtek (NASDAQ:CAMT) Announces Earnings Results

Camtek (NASDAQ:CAMT) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Briefing.com reports. Camtek had a return on equity of 21.06% and a net margin of 18.00%. The business had revenue of $32.47 million for the quarter, compared to analysts’ expectations of $32.00 million. During the same period in the prior year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year.

Shares of NASDAQ CAMT traded up $0.04 during midday trading on Friday, reaching $9.90. 197,000 shares of the stock were exchanged, compared to its average volume of 163,581. Camtek has a twelve month low of $6.29 and a twelve month high of $11.36. The firm has a 50-day simple moving average of $10.20 and a two-hundred day simple moving average of $9.28. The firm has a market cap of $395.41 million, a price-to-earnings ratio of 19.04 and a beta of 1.63.

A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Camtek from a “hold” rating to a “buy” rating in a research note on Monday, October 7th. Zacks Investment Research raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.

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.

Featured Article: Systematic Risk

Earnings History 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.