Zacks: Analysts Expect KLA Co. (NASDAQ:KLAC) Will Announce Earnings of $4.45 Per Share

Analysts forecast that KLA Co. (NASDAQ:KLAC) will post earnings of $4.45 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for KLA’s earnings, with estimates ranging from $4.44 to $4.45. KLA posted earnings per share of $3.03 during the same quarter last year, which would indicate a positive year over year growth rate of 46.9%. The business is scheduled to issue its next earnings report on Wednesday, October 27th.

According to Zacks, analysts expect that KLA will report full-year earnings of $19.30 per share for the current year, with EPS estimates ranging from $18.74 to $19.74. For the next fiscal year, analysts forecast that the firm will report earnings of $20.23 per share, with EPS estimates ranging from $18.64 to $21.47. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for KLA.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, July 28th. The semiconductor company reported $4.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.99 by $0.44. KLA had a net margin of 30.04% and a return on equity of 74.13%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.87 billion.

KLAC has been the subject of several analyst reports. Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $390.00 target price for the company in a report on Friday, July 30th. UBS Group increased their target price on shares of KLA from $345.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, July 30th. Zacks Investment Research downgraded shares of KLA from a “buy” rating to a “hold” rating and set a $366.00 target price for the company. in a report on Monday, August 2nd. Citigroup increased their target price on shares of KLA from $380.00 to $398.00 and gave the company a “buy” rating in a report on Monday, August 2nd. Finally, Susquehanna Bancshares upgraded shares of KLA from a “neutral” rating to a “positive” rating and increased their target price for the company from $380.00 to $475.00 in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, KLA has an average rating of “Buy” and an average price target of $364.61.

In other news, EVP Oreste Donzella sold 136 shares of the business’s stock in a transaction on Thursday, July 1st. The shares were sold at an average price of $324.15, for a total transaction of $44,084.40. Following the sale, the executive vice president now owns 5,421 shares in the company, valued at approximately $1,757,217.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bren D. Higgins sold 6,617 shares of the business’s stock in a transaction on Thursday, September 9th. The shares were sold at an average price of $335.92, for a total transaction of $2,222,782.64. Following the sale, the chief financial officer now owns 6,827 shares in the company, valued at approximately $2,293,325.84. The disclosure for this sale can be found here. Insiders have sold 13,805 shares of company stock worth $4,736,222 over the last three months. Insiders own 0.16% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Semmax Financial Advisors Inc. purchased a new position in KLA in the 1st quarter worth about $31,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of KLA during the 1st quarter valued at about $33,000. Prestige Wealth Management Group LLC increased its position in shares of KLA by 1,022.2% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 101 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 92 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of KLA during the 1st quarter valued at about $35,000. Finally, Arkadios Wealth Advisors increased its position in shares of KLA by 175.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 113 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 72 shares during the last quarter. 85.70% of the stock is owned by hedge funds and other institutional investors.

KLAC traded up $4.54 during trading on Friday, hitting $360.93. 10,645 shares of the company’s stock were exchanged, compared to its average volume of 1,186,122. The company has a quick ratio of 1.96, a current ratio of 2.71 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $329.26 and its two-hundred day moving average is $320.40. KLA has a fifty-two week low of $174.70 and a fifty-two week high of $364.79. The stock has a market cap of $55.13 billion, a P/E ratio of 26.62, a PEG ratio of 1.30 and a beta of 1.21.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Monday, August 16th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, August 13th. This is an increase from KLA’s previous quarterly dividend of $0.90. This represents a $4.20 annualized dividend and a dividend yield of 1.16%. KLA’s dividend payout ratio (DPR) is 28.87%.

KLA declared that its board has approved a stock repurchase program on Thursday, July 29th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 4.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

About KLA

KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. Its products include manufactured chips, reticle, packaging, surface profilers, nanochemical testers, KT pro equipment, and compound semiconductors. The company was founded in April 1997 and is headquartered in Milpitas, CA.

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