Orbotech (NASDAQ:ORBK) Receiving Somewhat Positive News Coverage, Study Shows
Media stories about Orbotech (NASDAQ:ORBK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Orbotech earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 46.4269918519583 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Orbotech Ltd. (ORBK) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Orbotech Ltd. (ORBK) Stock Rating Reaffirmed by Needham & Company LLC (americanbankingnews.com)
- Orbotech Ltd. (ORBK) PT Raised to $40 at Needham & Company (streetinsider.com)
- Orbotech Ltd. (ORBK) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS (americanbankingnews.com)
- Bank of the Ozarks (OZRK) Sees Large Decline in Short Interest (expressnewsline.com)
Shares of Orbotech (NASDAQ:ORBK) opened at 35.93 on Monday. Orbotech has a 12-month low of $26.69 and a 12-month high of $37.75. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 19.29 and a beta of 0.80. The stock’s 50 day moving average is $34.70 and its 200-day moving average is $33.50.
Orbotech (NASDAQ:ORBK) last released its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.08. The business had revenue of $210.66 million during the quarter, compared to the consensus estimate of $205.20 million. Orbotech had a return on equity of 15.26% and a net margin of 11.03%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. Equities analysts anticipate that Orbotech will post $2.77 EPS for the current fiscal year.
ORBK has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Orbotech in a report on Monday, May 22nd. BidaskClub lowered shares of Orbotech from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Orbotech in a report on Wednesday, May 3rd. Zacks Investment Research raised shares of Orbotech from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Standpoint Research lowered shares of Orbotech from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $37.14.
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Orbotech Company Profile
Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.
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