Electro Scientific Industries (ESIO) Earns Media Sentiment Score of 0.25

News stories about Electro Scientific Industries (NASDAQ:ESIO) have trended positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Electro Scientific Industries earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 46.2708843970597 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Electro Scientific Industries (NASDAQ:ESIO) traded down $0.65 during mid-day trading on Friday, hitting $23.74. 1,011,045 shares of the company traded hands, compared to its average volume of 330,193. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 1.96. Electro Scientific Industries has a 1-year low of $5.03 and a 1-year high of $24.77.

Electro Scientific Industries (NASDAQ:ESIO) last announced its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. The firm had revenue of $70.97 million for the quarter, compared to the consensus estimate of $65.53 million. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. The business’s quarterly revenue was up 139.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) EPS. equities analysts forecast that Electro Scientific Industries will post 1.14 earnings per share for the current year.

Several research firms recently issued reports on ESIO. BidaskClub raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, August 8th. ValuEngine raised shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Needham & Company LLC raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, August 3rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Electro Scientific Industries in a research note on Thursday, November 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.25.

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In related news, CFO Paul R. Oldham sold 120,000 shares of Electro Scientific Industries stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $23.49, for a total value of $2,818,800.00. Following the transaction, the chief financial officer now owns 237,665 shares in the company, valued at approximately $5,582,750.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.22% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Electro Scientific Industries (NASDAQ:ESIO)

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