Brokerages Expect Electro Scientific Industries, Inc. (ESIO) Will Announce Quarterly Sales of $84.55 Million

Wall Street brokerages forecast that Electro Scientific Industries, Inc. (NASDAQ:ESIO) will announce sales of $84.55 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Electro Scientific Industries’ earnings. The highest sales estimate is $85.00 million and the lowest is $84.10 million. Electro Scientific Industries reported sales of $70.97 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.1%. The business is expected to issue its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that Electro Scientific Industries will report full year sales of $326.30 million for the current fiscal year, with estimates ranging from $325.60 million to $327.00 million. For the next year, analysts expect that the company will report sales of $370.00 million per share, with estimates ranging from $340.00 million to $400.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Electro Scientific Industries.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings data on Wednesday, August 1st. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. Electro Scientific Industries had a return on equity of 47.09% and a net margin of 35.60%. The firm had revenue of $110.62 million during the quarter, compared to analyst estimates of $104.64 million. During the same period in the prior year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 52.2% compared to the same quarter last year.

Several research firms have issued reports on ESIO. BidaskClub lowered Electro Scientific Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday. ValuEngine lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research lowered Electro Scientific Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.40.

Electro Scientific Industries stock traded up $0.09 during mid-day trading on Wednesday, hitting $18.26. 377,515 shares of the company were exchanged, compared to its average volume of 608,396. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.22 and a quick ratio of 2.94. Electro Scientific Industries has a 1-year low of $12.16 and a 1-year high of $27.72. The firm has a market capitalization of $609.70 million, a P/E ratio of 6.81, a P/E/G ratio of 0.72 and a beta of 1.10.

In other news, Director Raymond A. Link sold 6,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $23.01, for a total value of $138,060.00. Following the completion of the sale, the director now directly owns 73,643 shares in the company, valued at $1,694,525.43. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.53% of the company’s stock.

Several large investors have recently made changes to their positions in ESIO. Royce & Associates LP increased its stake in shares of Electro Scientific Industries by 124.1% in the second quarter. Royce & Associates LP now owns 1,734,985 shares of the semiconductor company’s stock valued at $27,361,000 after buying an additional 960,784 shares in the last quarter. BlackRock Inc. increased its position in Electro Scientific Industries by 8.5% in the second quarter. BlackRock Inc. now owns 4,765,147 shares of the semiconductor company’s stock worth $75,146,000 after purchasing an additional 372,084 shares during the period. Systematic Financial Management LP increased its position in Electro Scientific Industries by 207.1% in the second quarter. Systematic Financial Management LP now owns 340,230 shares of the semiconductor company’s stock worth $5,365,000 after purchasing an additional 229,435 shares during the period. American Century Companies Inc. increased its position in Electro Scientific Industries by 149.2% in the first quarter. American Century Companies Inc. now owns 318,990 shares of the semiconductor company’s stock worth $6,166,000 after purchasing an additional 190,959 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Electro Scientific Industries by 102.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 325,306 shares of the semiconductor company’s stock worth $5,130,000 after purchasing an additional 164,431 shares during the period. Institutional investors own 89.30% of the company’s stock.

Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

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Earnings History and Estimates for Electro Scientific Industries (NASDAQ:ESIO)

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