News headlines about Electro Scientific Industries (NASDAQ:ESIO) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Electro Scientific Industries earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.6397464867807 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Electro Scientific Industries (ESIO) traded up $0.72 during mid-day trading on Friday, hitting $21.20. The company had a trading volume of 1,251,000 shares, compared to its average volume of 388,464. The company has a quick ratio of 1.96, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. Electro Scientific Industries has a 12-month low of $5.32 and a 12-month high of $27.72.

Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.12. The firm had revenue of $70.97 million during the quarter, compared to the consensus estimate of $65.53 million. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. The firm’s quarterly revenue was up 139.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) earnings per share. sell-side analysts anticipate that Electro Scientific Industries will post 1.14 EPS for the current fiscal year.

ESIO has been the subject of a number of research analyst reports. Lake Street Capital reaffirmed a “buy” rating and set a $14.50 price objective (up from $10.50) on shares of Electro Scientific Industries in a report on Monday, September 18th. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Electro Scientific Industries in a research note on Thursday, November 2nd. Needham & Company LLC lifted their target price on Electro Scientific Industries from $12.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $26.50.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $23.49, for a total value of $2,818,800.00. Following the completion of the transaction, the chief financial officer now directly owns 237,665 shares in the company, valued at $5,582,750.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul R. Oldham sold 60,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $24.08, for a total transaction of $1,444,800.00. Following the completion of the transaction, the chief financial officer now owns 287,665 shares of the company’s stock, valued at $6,926,973.20. The disclosure for this sale can be found here. Insiders own 6.22% of the company’s stock.

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About Electro Scientific Industries

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Insider Buying and Selling by Quarter for Electro Scientific Industries (NASDAQ:ESIO)

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