Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Electro Scientific Industries (ESIO) Stock Price

News articles about Electro Scientific Industries (NASDAQ:ESIO) have been trending somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Electro Scientific Industries earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.8492773383857 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Electro Scientific Industries (NASDAQ:ESIO) traded up 0.41% on Tuesday, reaching $12.37. The company’s stock had a trading volume of 339,451 shares. The company’s market cap is $409.89 million. Electro Scientific Industries has a 52-week low of $4.50 and a 52-week high of $12.60. The firm has a 50 day moving average of $10.71 and a 200 day moving average of $8.33.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.18 by $0.20. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The business had revenue of $72.70 million during the quarter, compared to the consensus estimate of $61.10 million. During the same period in the previous year, the business earned $0.09 earnings per share. The company’s revenue was up 52.4% on a year-over-year basis. Analysts predict that Electro Scientific Industries will post $0.72 earnings per share for the current year.

A number of equities research analysts recently commented on the company. BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, August 8th. ValuEngine upgraded Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Needham & Company LLC upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, August 3rd. Finally, Lake Street Capital decreased their price objective on Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Electro Scientific Industries has a consensus rating of “Buy” and an average target price of $11.00.

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Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

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