Equities analysts forecast that Orbotech Ltd (NASDAQ:ORBK) will announce $0.87 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Orbotech’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.83. Orbotech also reported earnings per share of $0.87 in the same quarter last year. The business is scheduled to announce its next earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Orbotech will report full-year earnings of $3.49 per share for the current fiscal year, with EPS estimates ranging from $3.46 to $3.52. For the next fiscal year, analysts anticipate that the business will report earnings of $3.91 per share, with EPS estimates ranging from $3.80 to $4.02. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Orbotech.

Orbotech (NASDAQ:ORBK) last released its quarterly earnings results on Wednesday, November 7th. The electronics maker reported $0.79 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.11). The firm had revenue of $261.23 million for the quarter, compared to analyst estimates of $262.49 million. Orbotech had a net margin of 14.62% and a return on equity of 16.67%.

ORBK has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. Finally, BidaskClub downgraded shares of Orbotech from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 15th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $61.00.

ORBK traded down $0.66 during trading hours on Monday, reaching $54.70. 376,809 shares of the stock traded hands, compared to its average volume of 387,027. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.95 and a beta of 0.79. Orbotech has a fifty-two week low of $44.14 and a fifty-two week high of $65.75. The company has a current ratio of 3.52, a quick ratio of 2.80 and a debt-to-equity ratio of 0.04.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alpine Associates Management Inc. lifted its position in shares of Orbotech by 273.7% in the 3rd quarter. Alpine Associates Management Inc. now owns 1,947,434 shares of the electronics maker’s stock worth $115,755,000 after buying an additional 1,426,350 shares during the last quarter. Millennium Management LLC lifted its position in shares of Orbotech by 182.0% in the 2nd quarter. Millennium Management LLC now owns 882,010 shares of the electronics maker’s stock worth $54,508,000 after buying an additional 569,263 shares during the last quarter. BlackRock Inc. lifted its position in shares of Orbotech by 2.3% in the 3rd quarter. BlackRock Inc. now owns 818,332 shares of the electronics maker’s stock worth $48,642,000 after buying an additional 18,251 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Orbotech by 8.9% in the 3rd quarter. Wells Fargo & Company MN now owns 698,990 shares of the electronics maker’s stock worth $41,548,000 after buying an additional 56,975 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Orbotech by 6.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 611,387 shares of the electronics maker’s stock worth $37,784,000 after buying an additional 34,341 shares during the last quarter. Hedge funds and other institutional investors own 69.97% of the company’s stock.

Orbotech Company Profile

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.

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