Zacks: Analysts Expect KLA-Tencor Corp (NASDAQ:KLAC) to Announce $1.70 Earnings Per Share

Equities analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to report $1.70 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for KLA-Tencor’s earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.70. KLA-Tencor posted earnings per share of $2.22 during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.4%. The business is expected to announce its next earnings results on Monday, July 29th.

According to Zacks, analysts expect that KLA-Tencor will report full year earnings of $8.42 per share for the current fiscal year, with EPS estimates ranging from $8.38 to $8.56. For the next financial year, analysts forecast that the business will post earnings of $9.13 per share, with EPS estimates ranging from $8.75 to $9.46. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover KLA-Tencor.

KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.02 EPS.

A number of research firms recently weighed in on KLAC. JPMorgan Chase & Co. began coverage on KLA-Tencor in a report on Thursday, March 7th. They issued an “overweight” rating and a $160.00 price target on the stock. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. UBS Group upped their price target on KLA-Tencor from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. KeyCorp upped their price target on KLA-Tencor from $143.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Finally, Stifel Nicolaus upped their price target on KLA-Tencor from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $133.36.

In related news, EVP Ahmad A. Khan sold 3,633 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.25, for a total value of $422,336.25. Following the transaction, the executive vice president now directly owns 549 shares of the company’s stock, valued at approximately $63,821.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Teri A. Little sold 1,500 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $110.38, for a total value of $165,570.00. Following the completion of the transaction, the executive vice president now directly owns 5,517 shares in the company, valued at $608,966.46. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of KLAC. Acadian Asset Management LLC bought a new stake in KLA-Tencor during the first quarter worth approximately $25,000. Advisors Preferred LLC purchased a new position in shares of KLA-Tencor during the 1st quarter valued at $26,000. Kore Private Wealth LLC purchased a new position in shares of KLA-Tencor during the 1st quarter valued at $26,000. NuWave Investment Management LLC acquired a new stake in shares of KLA-Tencor in the 1st quarter valued at $27,000. Finally, Resources Investment Advisors Inc. acquired a new stake in shares of KLA-Tencor in the 4th quarter valued at $29,000. 88.93% of the stock is currently owned by institutional investors and hedge funds.

KLAC opened at $110.10 on Monday. The company has a market capitalization of $18.46 billion, a P/E ratio of 13.76, a PEG ratio of 1.23 and a beta of 1.71. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.84 and a current ratio of 2.61. KLA-Tencor has a 1-year low of $80.65 and a 1-year high of $129.03.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, May 14th. KLA-Tencor’s payout ratio is currently 37.50%.

KLA-Tencor Company Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Earnings History and Estimates for KLA-Tencor (NASDAQ:KLAC)

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