Analysts Expect Orbotech Ltd (ORBK) Will Announce Earnings of $0.94 Per Share

Equities analysts predict that Orbotech Ltd (NASDAQ:ORBK) will announce earnings of $0.94 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Orbotech’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $0.97. Orbotech posted earnings of $0.70 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.3%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Orbotech will report full year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.97 to $3.01. For the next year, analysts anticipate that the business will post earnings of $3.48 per share, with EPS estimates ranging from $3.42 to $3.53. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Orbotech.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Orbotech from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research report on Tuesday, November 7th. Needham & Company LLC upped their price target on Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Stifel Nicolaus upped their price target on Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. ValuEngine lowered Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, BidaskClub lowered Orbotech from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $51.00.

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in shares of Orbotech during the 3rd quarter valued at about $472,000. California Public Employees Retirement System boosted its position in shares of Orbotech by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 189,361 shares of the electronics maker’s stock valued at $7,993,000 after purchasing an additional 8,861 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Orbotech by 1.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 139,431 shares of the electronics maker’s stock valued at $5,885,000 after purchasing an additional 1,675 shares in the last quarter. Senvest Management LLC boosted its position in shares of Orbotech by 1.9% during the 3rd quarter. Senvest Management LLC now owns 815,923 shares of the electronics maker’s stock valued at $34,440,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Invictus RG bought a new stake in shares of Orbotech during the 3rd quarter valued at about $397,000. Institutional investors own 66.15% of the company’s stock.

Orbotech (ORBK) traded up $0.16 during midday trading on Friday, hitting $50.48. The company’s stock had a trading volume of 163,487 shares, compared to its average volume of 373,022. Orbotech has a 1 year low of $28.01 and a 1 year high of $56.44. The company has a market cap of $2,430.00, a price-to-earnings ratio of 24.04, a PEG ratio of 0.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71.

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About Orbotech

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

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