Wall Street analysts predict that Orbotech Ltd. (NASDAQ:ORBK) will post earnings of $0.85 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Orbotech’s earnings, with estimates ranging from $0.82 to $0.87. Orbotech posted earnings of $0.68 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, November 1st.

According to Zacks, analysts expect that Orbotech will report full year earnings of $2.83 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.87. For the next fiscal year, analysts forecast that the firm will post earnings of $3.21 per share, with EPS estimates ranging from $3.16 to $3.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Orbotech.

Orbotech (NASDAQ:ORBK) last released its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. Orbotech had a return on equity of 14.98% and a net margin of 11.03%. The business had revenue of $210.66 million for the quarter, compared to analyst estimates of $205.20 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year.

ORBK has been the topic of a number of recent research reports. Zacks Investment Research lowered Orbotech from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. BidaskClub lowered Orbotech from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Stifel Nicolaus initiated coverage on Orbotech in a report on Thursday, August 31st. They issued a “buy” rating and a $46.00 target price on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $42.00 target price on shares of Orbotech in a report on Tuesday, September 12th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $41.88.

Orbotech (NASDAQ:ORBK) traded down 0.25% during midday trading on Tuesday, reaching $43.30. The company’s stock had a trading volume of 26,387 shares. Orbotech has a 12-month low of $26.83 and a 12-month high of $43.87. The stock’s 50 day moving average is $41.41 and its 200 day moving average is $36.33. The stock has a market cap of $2.07 billion, a P/E ratio of 23.24 and a beta of 0.79.

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Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its holdings in Orbotech by 293.4% during the second quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after acquiring an additional 3,227 shares during the period. Envestnet Asset Management Inc. grew its holdings in Orbotech by 40.9% during the first quarter. Envestnet Asset Management Inc. now owns 5,095 shares of the electronics maker’s stock worth $165,000 after acquiring an additional 1,479 shares during the period. Airain ltd acquired a new position in Orbotech during the second quarter worth $208,000. OppenheimerFunds Inc. acquired a new position in Orbotech during the first quarter worth $242,000. Finally, Quantbot Technologies LP acquired a new position in Orbotech during the second quarter worth $252,000. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Orbotech Company Profile

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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