Wall Street analysts forecast that Orbotech Ltd (NASDAQ:ORBK) will post earnings per share (EPS) of $0.90 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Orbotech’s earnings. Orbotech posted earnings of $0.91 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1.1%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Orbotech will report full-year earnings of $3.53 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.58. For the next year, analysts expect that the business will post earnings of $3.91 per share, with EPS estimates ranging from $3.80 to $4.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Orbotech.

Orbotech (NASDAQ:ORBK) last posted its quarterly earnings data on Wednesday, August 1st. The electronics maker reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. The business had revenue of $267.50 million during the quarter, compared to analysts’ expectations of $258.51 million. Orbotech had a net margin of 15.56% and a return on equity of 17.77%. Orbotech’s revenue for the quarter was up 27.0% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Orbotech from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Wednesday, June 6th. BidaskClub upgraded shares of Orbotech from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Orbotech presently has an average rating of “Hold” and an average target price of $60.43.

Orbotech stock traded down $0.75 during midday trading on Friday, reaching $60.99. The stock had a trading volume of 22,835 shares, compared to its average volume of 243,675. Orbotech has a twelve month low of $40.10 and a twelve month high of $65.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.80 and a current ratio of 3.52. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 1.03 and a beta of 0.66.

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in Orbotech by 182.0% during the second quarter. Millennium Management LLC now owns 882,010 shares of the electronics maker’s stock worth $54,508,000 after acquiring an additional 569,263 shares in the last quarter. UBS Group AG grew its stake in Orbotech by 686.2% during the first quarter. UBS Group AG now owns 613,142 shares of the electronics maker’s stock worth $38,125,000 after buying an additional 535,153 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Orbotech in the 2nd quarter valued at approximately $32,295,000. Omni Partners LLP acquired a new stake in shares of Orbotech in the 1st quarter valued at approximately $29,869,000. Finally, Citigroup Inc. raised its holdings in Orbotech by 6,247.9% in the 1st quarter. Citigroup Inc. now owns 448,799 shares of the electronics maker’s stock valued at $27,907,000 after buying an additional 441,729 shares during the last quarter. Institutional investors own 70.18% of the company’s stock.

Orbotech Company Profile

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.

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