Orbotech Ltd (ORBK) Expected to Announce Earnings of $0.94 Per Share

Analysts forecast that Orbotech Ltd (NASDAQ:ORBK) will announce earnings per share (EPS) of $0.94 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Orbotech’s earnings, with estimates ranging from $0.92 to $0.97. Orbotech reported earnings of $0.70 per share in the same quarter last year, which indicates a positive year over year growth rate of 34.3%. The business 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 financial year, analysts anticipate that the firm will post earnings of $3.48 per share, with EPS estimates ranging from $3.42 to $3.53. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Orbotech.

Several research firms recently weighed in on ORBK. BidaskClub upgraded Orbotech from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine downgraded Orbotech from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus upped their price target on Orbotech from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Needham & Company LLC upped their price target on Orbotech from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $51.00.

Shares of Orbotech (NASDAQ:ORBK) opened at $51.42 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 2.71. The firm has a market capitalization of $2,520.00, a P/E ratio of 24.49, a P/E/G ratio of 0.84 and a beta of 0.80. Orbotech has a 52 week low of $28.01 and a 52 week high of $56.44.

A number of hedge funds have recently added to or reduced their stakes in ORBK. Legal & General Group Plc lifted its position in Orbotech by 293.4% in the 2nd quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock valued at $141,000 after acquiring an additional 3,227 shares in the last quarter. Swiss National Bank lifted its position in Orbotech by 3.0% in the 2nd quarter. Swiss National Bank now owns 76,300 shares of the electronics maker’s stock valued at $2,489,000 after acquiring an additional 2,200 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Orbotech by 5.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,835 shares of the electronics maker’s stock valued at $549,000 after acquiring an additional 864 shares in the last quarter. AXA lifted its position in Orbotech by 3.0% in the 2nd quarter. AXA now owns 87,620 shares of the electronics maker’s stock valued at $2,858,000 after acquiring an additional 2,524 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Orbotech by 58.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,692,486 shares of the electronics maker’s stock valued at $55,209,000 after acquiring an additional 622,014 shares in the last quarter. 66.15% of the stock is currently owned by institutional investors and hedge funds.

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Orbotech Company Profile

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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