Wall Street analysts forecast that Xcerra Corporation (NASDAQ:XCRA) will announce sales of $108.30 million for the current quarter, Zacks reports. Two analysts have issued estimates for Xcerra Corporation’s earnings, with the highest sales estimate coming in at $110.00 million and the lowest estimate coming in at $106.60 million. Xcerra Corporation reported sales of $80.09 million in the same quarter last year, which indicates a positive year over year growth rate of 35.2%. The company is expected to issue its next earnings results on Thursday, December 7th.
On average, analysts expect that Xcerra Corporation will report full-year sales of $108.30 million for the current fiscal year, with estimates ranging from $410.00 million to $437.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $0.00 per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Xcerra Corporation.
Xcerra Corporation (NASDAQ:XCRA) last issued its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $126.93 million for the quarter, compared to analysts’ expectations of $106.97 million. Xcerra Corporation had a net margin of 5.77% and a return on equity of 9.08%.
Several research firms have recently commented on XCRA. Zacks Investment Research upgraded Xcerra Corporation from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Saturday, September 2nd. BidaskClub cut Xcerra Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. B. Riley restated a “neutral” rating and set a $10.25 price target on shares of Xcerra Corporation in a research note on Monday, August 28th. Needham & Company LLC restated a “hold” rating on shares of Xcerra Corporation in a research note on Friday, September 1st. Finally, ValuEngine upgraded Xcerra Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Xcerra Corporation currently has an average rating of “Hold” and a consensus price target of $10.40.
Shares of Xcerra Corporation (XCRA) traded down 0.10% during midday trading on Wednesday, hitting $9.81. 147,747 shares of the stock were exchanged. Xcerra Corporation has a one year low of $5.32 and a one year high of $10.01. The company has a market cap of $536.72 million, a price-to-earnings ratio of 23.93 and a beta of 1.61. The firm has a 50 day moving average of $9.77 and a 200-day moving average of $9.67.
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In related news, VP Pascal Ronde sold 50,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $9.74, for a total transaction of $487,000.00. Following the transaction, the vice president now owns 317,250 shares of the company’s stock, valued at $3,090,015. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC grew its holdings in Xcerra Corporation by 26.3% during the first quarter. Citadel Advisors LLC now owns 93,463 shares of the semiconductor company’s stock worth $831,000 after acquiring an additional 19,451 shares during the period. Morgan Stanley grew its holdings in Xcerra Corporation by 64.2% during the first quarter. Morgan Stanley now owns 322,284 shares of the semiconductor company’s stock worth $2,865,000 after acquiring an additional 126,054 shares during the period. Dumac Inc. acquired a new position in Xcerra Corporation during the second quarter worth $1,954,000. SG Americas Securities LLC grew its holdings in Xcerra Corporation by 621.8% during the second quarter. SG Americas Securities LLC now owns 106,309 shares of the semiconductor company’s stock worth $1,039,000 after acquiring an additional 91,581 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Xcerra Corporation during the second quarter worth $2,356,000. 86.13% of the stock is currently owned by hedge funds and other institutional investors.
Xcerra Corporation Company Profile
Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.
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