Camtek LTD. Forecasted to Earn Q1 2019 Earnings of $0.14 Per Share (CAMT)

Camtek LTD. (NASDAQ:CAMT) – Equities research analysts at B. Riley issued their Q1 2019 earnings per share estimates for shares of Camtek in a research report issued to clients and investors on Monday. B. Riley analyst C. Ellis anticipates that the semiconductor company will post earnings of $0.14 per share for the quarter. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Camtek’s Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS and Q4 2019 earnings at $0.17 EPS.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. The firm had revenue of $23.81 million during the quarter, compared to the consensus estimate of $23.50 million. Camtek had a return on equity of 15.68% and a net margin of 12.61%.

A number of other equities analysts also recently issued reports on the company. TheStreet raised Camtek from a “c” rating to a “b” rating in a report on Thursday, November 9th. ValuEngine downgraded Camtek from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $6.67.

Shares of Camtek (NASDAQ:CAMT) traded down $0.30 on Tuesday, reaching $6.68. The company had a trading volume of 165,179 shares, compared to its average volume of 166,461. The firm has a market capitalization of $234.46, a P/E ratio of 18.35 and a beta of 1.16. Camtek has a 52-week low of $3.44 and a 52-week high of $7.96.

Hedge funds have recently bought and sold shares of the company. PEAK6 Investments L.P. boosted its holdings in shares of Camtek by 632.2% in the third quarter. PEAK6 Investments L.P. now owns 21,444 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 25,473 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Camtek in the second quarter valued at approximately $107,000. Navellier & Associates Inc acquired a new stake in shares of Camtek in the second quarter valued at approximately $208,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Camtek in the third quarter valued at approximately $468,000. 17.36% of the stock is owned by institutional investors and hedge funds.

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About Camtek

Camtek Ltd is an Israel-based manufacturer of metrology and inspection equipment and a provider of software solutions. The Company mainly serves the Advanced Packaging, Memory, Complementary Metal Oxide Semiconductor (CMOS) Image Sensors, Micro Electro Mechanical Sensor (MEMS), Radio Frequency (RF) and other segments in the mid end of the semiconductors industry.

Earnings History and Estimates for Camtek (NASDAQ:CAMT)

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