Equities analysts expect that Xcerra Corporation (NASDAQ:XCRA) will post sales of $105.53 million for the current quarter, Zacks reports. Four analysts have provided estimates for Xcerra Corporation’s earnings, with estimates ranging from $101.20 million to $108.70 million. Xcerra Corporation posted sales of $91.23 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.7%. The business is expected to issue its next earnings results on Thursday, September 7th.
On average, analysts expect that Xcerra Corporation will report full year sales of $105.53 million for the current financial year, with estimates ranging from $358.80 million to $372.50 million. For the next financial year, analysts forecast that the company will report sales of $399.83 million per share, with estimates ranging from $383.90 million to $419.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Xcerra Corporation.
Xcerra Corporation (NASDAQ:XCRA) last issued its quarterly earnings results on Thursday, June 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The business had revenue of $103.64 million for the quarter, compared to the consensus estimate of $97.10 million. Xcerra Corporation had a net margin of 4.86% and a return on equity of 6.63%.
Several research firms recently weighed in on XCRA. B. Riley reaffirmed a “neutral” rating and issued a $10.25 price objective on shares of Xcerra Corporation in a research note on Wednesday, June 7th. BidaskClub lowered Xcerra Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered Xcerra Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Stifel Nicolaus lowered Xcerra Corporation from a “buy” rating to a “hold” rating and lifted their price target for the company from $10.00 to $10.25 in a research note on Monday, May 15th. Finally, Craig Hallum lowered Xcerra Corporation from a “buy” rating to a “hold” rating and set a $10.25 price target on the stock. in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.20.
Shares of Xcerra Corporation (XCRA) traded down 1.13% on Friday, reaching $9.60. 288,057 shares of the company traded hands. Xcerra Corporation has a one year low of $5.14 and a one year high of $10.01. The company has a market capitalization of $520.96 million, a P/E ratio of 27.43 and a beta of 1.59. The firm’s 50 day moving average is $9.79 and its 200 day moving average is $9.18.
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Several hedge funds have recently made changes to their positions in XCRA. B. Riley Financial Inc. purchased a new stake in shares of Xcerra Corporation during the first quarter worth approximately $761,000. Citadel Advisors LLC raised its stake in shares of Xcerra Corporation by 26.3% in the first quarter. Citadel Advisors LLC now owns 93,463 shares of the semiconductor company’s stock worth $831,000 after buying an additional 19,451 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Xcerra Corporation by 22.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 934,152 shares of the semiconductor company’s stock worth $8,305,000 after buying an additional 169,594 shares during the last quarter. PEAK6 Investments L.P. purchased a new stake in shares of Xcerra Corporation during the first quarter worth approximately $121,000. Finally, Trexquant Investment LP purchased a new stake in shares of Xcerra Corporation during the first quarter worth approximately $474,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.
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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