Analysts Expect Camtek Ltd. (NASDAQ:CAMT) Will Post Earnings of $0.43 Per Share

Analysts forecast that Camtek Ltd. (NASDAQ:CAMT) will announce earnings per share of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Camtek’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.43. Camtek posted earnings per share of $0.21 in the same quarter last year, which would indicate a positive year over year growth rate of 104.8%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 8th.

According to Zacks, analysts expect that Camtek will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.59. For the next financial year, analysts expect that the company will report earnings of $1.67 per share, with EPS estimates ranging from $1.65 to $1.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Camtek.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Wednesday, October 27th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. The business had revenue of $70.69 million for the quarter, compared to the consensus estimate of $70.03 million. Camtek had a net margin of 22.61% and a return on equity of 21.91%. The company’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS.

CAMT has been the topic of a number of research analyst reports. B. Riley boosted their price objective on shares of Camtek from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, August 5th. Zacks Investment Research downgraded shares of Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday.

Several large investors have recently added to or reduced their stakes in CAMT. Wasatch Advisors Inc. purchased a new stake in shares of Camtek in the 2nd quarter worth about $37,932,000. Meitav Dash Investments Ltd. grew its position in Camtek by 252.7% during the 3rd quarter. Meitav Dash Investments Ltd. now owns 591,080 shares of the semiconductor company’s stock valued at $24,155,000 after purchasing an additional 423,503 shares during the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new stake in Camtek during the 2nd quarter valued at about $10,374,000. Morgan Stanley grew its position in Camtek by 1,555.6% during the 2nd quarter. Morgan Stanley now owns 216,332 shares of the semiconductor company’s stock valued at $8,158,000 after purchasing an additional 203,265 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Camtek by 10.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,863,309 shares of the semiconductor company’s stock valued at $75,483,000 after purchasing an additional 172,399 shares during the last quarter. 30.28% of the stock is currently owned by hedge funds and other institutional investors.

Camtek stock traded up $1.26 during mid-day trading on Thursday, reaching $45.74. 152,567 shares of the company traded hands, compared to its average volume of 250,282. The stock’s 50 day moving average price is $42.19. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 36.89 and a beta of 1.52. Camtek has a 52-week low of $18.05 and a 52-week high of $49.60.

About Camtek

Camtek Ltd. manufactures metrology and inspection equipment, and provides software solutions serving the advanced packaging, memory, complementary metaloxidesemiconductor image sensors, micro-electro mechanical systems radio frequency and other segments in the Semiconductors industry. The company provides solutions and yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs.

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