Disco (OTCMKTS:DSCSY) Posts Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) issued its quarterly earnings data on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, Zacks reports. Disco had a return on equity of 26.03% and a net margin of 31.65%. The company had revenue of $897.04 million for the quarter.

Disco Price Performance

Shares of Disco stock opened at $32.43 on Friday. Disco has a 1 year low of $26.33 and a 1 year high of $58.00. The firm has a market cap of $35.19 billion, a PE ratio of 39.31 and a beta of 1.56. The company has a 50 day simple moving average of $36.04 and a two-hundred day simple moving average of $41.25.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Zacks Research upgraded Disco from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Disco Company Profile

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in the semiconductor and electronics industries. The company develops and produces systems for wafer dicing, grinding and polishing, as well as related consumables such as diamond wheels and other cutting tools.

Its products are used to separate semiconductor wafers into individual chips and to shape, thin and finish semiconductor materials with high precision. DISCO also provides equipment, tools and technical support for applications involving silicon, compound semiconductors and other electronic materials.

Founded in 1937 and headquartered in Tokyo, DISCO serves customers internationally through a global network of sales, service and production operations.