Zacks: Analysts Expect Camtek LTD. (CAMT) to Post $0.18 Earnings Per Share

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Equities analysts expect Camtek LTD. (NASDAQ:CAMT) to announce earnings per share (EPS) of $0.18 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Camtek’s earnings. Camtek reported earnings of $0.13 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.5%. The firm is scheduled to report its next earnings results on Tuesday, July 30th.

On average, analysts expect that Camtek will report full year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.70 to $0.71. For the next financial year, analysts anticipate that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.80 to $0.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Camtek.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Camtek had a return on equity of 21.60% and a net margin of 16.34%. The firm had revenue of $34.00 million for the quarter, compared to analyst estimates of $34.00 million. During the same period in the prior year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 24.5% on a year-over-year basis.

CAMT has been the topic of several analyst reports. Zacks Investment Research raised Camtek from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, February 14th. BidaskClub raised Camtek from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Finally, ValuEngine raised Camtek from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAMT. Renaissance Technologies LLC lifted its position in shares of Camtek by 13.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,828,100 shares of the semiconductor company’s stock worth $16,307,000 after buying an additional 219,000 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of Camtek by 16.1% during the 1st quarter. Federated Investors Inc. PA now owns 1,800,000 shares of the semiconductor company’s stock worth $16,056,000 after buying an additional 250,000 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Camtek by 6.7% during the 1st quarter. Wellington Management Group LLP now owns 1,660,506 shares of the semiconductor company’s stock worth $14,812,000 after buying an additional 104,035 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Camtek by 47.5% during the 1st quarter. Acadian Asset Management LLC now owns 862,633 shares of the semiconductor company’s stock worth $7,695,000 after buying an additional 277,771 shares during the last quarter. Finally, First Wilshire Securities Management Inc. lifted its position in shares of Camtek by 0.3% during the 1st quarter. First Wilshire Securities Management Inc. now owns 389,190 shares of the semiconductor company’s stock worth $3,472,000 after buying an additional 1,150 shares during the last quarter. 24.33% of the stock is currently owned by institutional investors.

Shares of CAMT traded down $0.15 during trading hours on Friday, hitting $8.94. 12,374 shares of the company were exchanged, compared to its average volume of 227,933. The firm has a market cap of $328.69 million, a P/E ratio of 17.08 and a beta of 1.43. Camtek has a fifty-two week low of $6.29 and a fifty-two week high of $11.25.

About Camtek

Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.

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