Analysts expect Xcerra Corporation (NASDAQ:XCRA) to report $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Xcerra Corporation’s earnings, with estimates ranging from $0.15 to $0.22. Xcerra Corporation posted earnings per share of $0.12 in the same quarter last year, which indicates a positive year-over-year growth rate of 58.3%. The company is scheduled to report its next quarterly earnings report on Thursday, September 7th.
According to Zacks, analysts expect that Xcerra Corporation will report full year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.44. For the next fiscal year, analysts forecast that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.44 to $0.86. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Xcerra Corporation.
Xcerra Corporation (NASDAQ:XCRA) last issued its earnings results on Thursday, June 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The company had revenue of $103.64 million for the quarter, compared to the consensus estimate of $97.10 million. Xcerra Corporation had a return on equity of 6.63% and a net margin of 4.86%.
A number of equities analysts recently weighed in on XCRA shares. B. Riley reaffirmed a “neutral” rating and issued a $10.25 price target on shares of Xcerra Corporation in a report on Thursday, June 1st. BidaskClub cut Xcerra Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Craig Hallum cut Xcerra Corporation from a “buy” rating to a “hold” rating and set a $10.25 price target for the company. in a report on Tuesday, April 11th. Zacks Investment Research cut Xcerra Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, DA Davidson cut Xcerra Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $10.25 in a report on Monday, April 10th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Xcerra Corporation has an average rating of “Hold” and a consensus target price of $10.20.
Shares of Xcerra Corporation (XCRA) traded down 1.13% during mid-day trading on Thursday, reaching $9.60. The company had a trading volume of 288,057 shares. The stock has a 50 day moving average of $9.79 and a 200-day moving average of $9.18. Xcerra Corporation has a 52 week low of $5.14 and a 52 week high of $10.01. The company has a market capitalization of $520.96 million, a price-to-earnings ratio of 27.43 and a beta of 1.59.
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Institutional investors have recently made changes to their positions in the stock. Sensato Investors LLC purchased a new position in shares of Xcerra Corporation during the first quarter worth approximately $110,000. FNY Partners Fund LP purchased a new position in shares of Xcerra Corporation during the first quarter worth approximately $120,000. PEAK6 Investments L.P. purchased a new position in shares of Xcerra Corporation during the first quarter worth approximately $121,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Xcerra Corporation during the first quarter worth approximately $127,000. Finally, SG Americas Securities LLC purchased a new position in shares of Xcerra Corporation during the first quarter worth approximately $131,000. 83.13% of the stock is owned by institutional investors and hedge funds.
About Xcerra Corporation
Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.
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