$0.20 EPS Expected for Xcerra Corporation (XCRA) This Quarter
Brokerages predict that Xcerra Corporation (NASDAQ:XCRA) will post earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Xcerra Corporation’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.23. Xcerra Corporation posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 1,900%. The business is expected to issue its next quarterly earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Xcerra Corporation will report full-year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.69 to $0.70. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Xcerra Corporation.
Xcerra Corporation (NASDAQ:XCRA) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Xcerra Corporation had a return on equity of 9.08% and a net margin of 5.77%. The business had revenue of $126.93 million for the quarter, compared to the consensus estimate of $106.97 million.
A number of research firms recently commented on XCRA. Zacks Investment Research cut Xcerra Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub cut Xcerra Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. B. Riley reiterated a “hold” rating and set a $10.25 price objective on shares of Xcerra Corporation in a research report on Saturday, September 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Xcerra Corporation in a research report on Friday, September 1st. Finally, ValuEngine upgraded Xcerra Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Xcerra Corporation has an average rating of “Hold” and a consensus target price of $10.40.
Xcerra Corporation (NASDAQ:XCRA) traded down $0.01 during trading on Friday, reaching $9.82. The company had a trading volume of 402,300 shares, compared to its average volume of 495,792. The stock has a market capitalization of $534.33, a PE ratio of 20.06, a PEG ratio of 0.88 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 3.61. Xcerra Corporation has a 12 month low of $6.26 and a 12 month high of $10.01.
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In other news, VP Pascal Ronde sold 50,000 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.74, for a total value of $487,000.00. Following the completion of the transaction, the vice president now owns 317,250 shares of the company’s stock, valued at $3,090,015. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in XCRA. CNH Partners LLC bought a new position in shares of Xcerra Corporation in the second quarter worth about $26,633,000. Paulson & CO. Inc. bought a new position in shares of Xcerra Corporation in the second quarter worth about $24,655,000. Alpine Associates Management Inc. bought a new position in shares of Xcerra Corporation in the second quarter worth about $16,626,000. City Financial Investment Co Ltd bought a new position in shares of Xcerra Corporation in the second quarter worth about $7,330,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Xcerra Corporation by 783.1% in the second quarter. Goldman Sachs Group Inc. now owns 701,940 shares of the semiconductor company’s stock worth $6,858,000 after acquiring an additional 622,458 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.
About Xcerra Corporation
Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.
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