Orbotech (NASDAQ:ORBK) announced its earnings results on Wednesday. The electronics maker reported $0.79 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.11), Fidelity Earnings reports. Orbotech had a net margin of 15.56% and a return on equity of 17.77%. The business had revenue of $261.23 million for the quarter, compared to the consensus estimate of $262.49 million. Orbotech updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
Shares of ORBK traded up $0.17 on Thursday, hitting $55.24. 19,058 shares of the stock traded hands, compared to its average volume of 415,412. The company has a market capitalization of $2.63 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 0.94 and a beta of 0.79. The company has a quick ratio of 2.80, a current ratio of 3.52 and a debt-to-equity ratio of 0.04. Orbotech has a one year low of $44.14 and a one year high of $65.75.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Orbotech from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, August 10th. BidaskClub downgraded shares of Orbotech from a “hold” rating to a “sell” rating in a research note on Friday, August 31st. Finally, ValuEngine downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.00.
Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.
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