Orbotech Ltd. (ORBK) Expected to Announce Earnings of $0.94 Per Share

Brokerages expect Orbotech Ltd. (NASDAQ:ORBK) to announce earnings per share (EPS) of $0.94 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Orbotech’s earnings. The lowest EPS estimate is $0.92 and the highest is $0.97. Orbotech posted earnings of $0.70 per share in the same quarter last year, which suggests a positive year over year growth rate of 34.3%. The business is expected to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Orbotech will report full-year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.97 to $3.01. For the next fiscal year, analysts forecast that the firm will post earnings of $3.48 per share, with EPS estimates ranging from $3.42 to $3.53. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Orbotech.

A number of research firms have recently weighed in on ORBK. Jefferies Group restated a “buy” rating and issued a $42.00 target price on shares of Orbotech in a report on Tuesday, September 12th. BidaskClub upgraded Orbotech from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Wednesday, August 9th. ValuEngine lowered Orbotech from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Barclays lifted their price target on Orbotech to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $51.00.

Orbotech (NASDAQ ORBK) opened at $49.28 on Thursday. Orbotech has a fifty-two week low of $28.01 and a fifty-two week high of $56.44. The company has a quick ratio of 2.71, a current ratio of 3.37 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2,347.76, a P/E ratio of 19.07, a PEG ratio of 0.93 and a beta of 0.80.

A number of institutional investors have recently modified their holdings of ORBK. Renaissance Technologies LLC raised its stake in shares of Orbotech by 1.3% in the second quarter. Renaissance Technologies LLC now owns 2,353,000 shares of the electronics maker’s stock valued at $76,755,000 after buying an additional 30,700 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Orbotech by 40.6% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,001,779 shares of the electronics maker’s stock valued at $65,298,000 after buying an additional 577,756 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Orbotech by 58.1% in the second quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock valued at $55,209,000 after buying an additional 622,014 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Orbotech by 12.9% in the second quarter. Lord Abbett & CO. LLC now owns 1,286,535 shares of the electronics maker’s stock valued at $41,967,000 after buying an additional 147,031 shares during the period. Finally, Menora Mivtachim Holdings LTD. raised its stake in shares of Orbotech by 81.3% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,283,306 shares of the electronics maker’s stock valued at $54,168,000 after buying an additional 575,307 shares during the period. Institutional investors and hedge funds own 66.17% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Orbotech Ltd. (ORBK) Expected to Announce Earnings of $0.94 Per Share” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3078708/orbotech-ltd-orbk-expected-to-announce-earnings-of-0-94-per-share.html.

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.

Get a free copy of the Zacks research report on Orbotech (ORBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Orbotech Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbotech Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.