Camtek (NASDAQ:CAMT) Announces Quarterly Earnings Results

Camtek (NASDAQ:CAMT) issued its quarterly earnings data on Tuesday. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06, Briefing.com reports. Camtek had a return on equity of 24.84% and a net margin of 26.53%. The company had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $108.51 million. During the same period last year, the business earned $0.46 earnings per share. The business’s revenue was up 39.5% on a year-over-year basis. Camtek updated its Q4 2024 guidance to EPS.

Camtek Price Performance

Camtek stock opened at $80.41 on Thursday. The business’s 50-day simple moving average is $79.43 and its 200 day simple moving average is $95.64. The company has a quick ratio of 4.29, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 1.70 and a beta of 1.38. Camtek has a 12-month low of $59.33 and a 12-month high of $140.50.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAMT. StockNews.com lowered shares of Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. Northland Securities lifted their price objective on Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price objective on shares of Camtek in a research note on Wednesday. B. Riley lowered their target price on Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.57.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.