Wall Street brokerages forecast that Camtek LTD. (NASDAQ:CAMT) will post $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Camtek’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.15. Camtek reported earnings per share of $0.16 in the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.

On average, analysts expect that Camtek will report full year earnings of $0.65 per share for the current year. For the next financial year, analysts anticipate that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Camtek.

Camtek (NASDAQ:CAMT) last issued its quarterly earnings data on Tuesday, August 6th. The semiconductor company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $34.35 million for the quarter, compared to analyst estimates of $34.25 million. Camtek had a return on equity of 21.06% and a net margin of 18.00%. Camtek’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS.

A number of research analysts have recently issued reports on the company. BidaskClub upgraded Camtek from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Zacks Investment Research lowered Camtek from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Northland Securities reiterated a “buy” rating and set a $16.00 target price on shares of Camtek in a research report on Friday, June 21st. Finally, ValuEngine lowered Camtek from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $12.17.

Shares of NASDAQ:CAMT traded up $0.28 during midday trading on Friday, reaching $8.62. 45,500 shares of the company’s stock traded hands, compared to its average volume of 216,575. Camtek has a 1 year low of $6.29 and a 1 year high of $11.25. The company has a market cap of $304.78 million, a P/E ratio of 16.58 and a beta of 1.57. The company has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $8.94.

The firm also recently announced an annual dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.17 per share. This is a positive change from Camtek’s previous annual dividend of $0.14. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a dividend yield of 1.9%.

Several large investors have recently made changes to their positions in CAMT. Cubist Systematic Strategies LLC purchased a new position in shares of Camtek during the 2nd quarter valued at approximately $114,000. Sigma Planning Corp purchased a new position in Camtek in the 1st quarter valued at $117,000. D. E. Shaw & Co. Inc. purchased a new position in Camtek in the 4th quarter valued at $151,000. State of New Jersey Common Pension Fund D lifted its holdings in Camtek by 40.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 23,278 shares of the semiconductor company’s stock valued at $197,000 after purchasing an additional 6,654 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in Camtek in the 1st quarter valued at $307,000. Hedge funds and other institutional investors own 26.55% of the company’s stock.

About Camtek

Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.

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Earnings History and Estimates for Camtek (NASDAQ:CAMT)

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