Orbotech (ORBK) Earns Coverage Optimism Score of 0.11
Media headlines about Orbotech (NASDAQ:ORBK) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Orbotech earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 46.22098996332 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Financial Survey: Kimball Electronics (KE) & Orbotech (ORBK) (americanbankingnews.com)
- $0.85 Earnings Per Share Expected for Orbotech Ltd. (ORBK) This Quarter (americanbankingnews.com)
- The ORBK Paradox: Analysts Bullish But Forecast -2.49% Fall (nasdaq.com)
- Zacks Investment Research Lowers Orbotech Ltd. (ORBK) to Hold (americanbankingnews.com)
- Reviewing Orbotech (ORBK) & The Competition (americanbankingnews.com)
Orbotech (NASDAQ:ORBK) traded up 1.47% during midday trading on Wednesday, reaching $42.84. The company’s stock had a trading volume of 38,020 shares. The stock has a market cap of $2.05 billion, a P/E ratio of 22.79 and a beta of 0.79. Orbotech has a 12-month low of $26.83 and a 12-month high of $43.45. The stock’s 50 day moving average is $41.11 and its 200 day moving average is $36.23.
Orbotech (NASDAQ:ORBK) last released its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. The company had revenue of $210.66 million for the quarter, compared to analyst estimates of $205.20 million. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Analysts anticipate that Orbotech will post $2.80 earnings per share for the current year.
A number of brokerages recently commented on ORBK. Zacks Investment Research lowered Orbotech from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Supply Chain Market Research LLC upped their target price on Orbotech from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. BidaskClub lowered Orbotech from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $42.00 target price on shares of Orbotech in a research report on Tuesday, September 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of Orbotech in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Orbotech currently has a consensus rating of “Buy” and an average target price of $41.88.
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Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.
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