Favorable News Coverage Somewhat Unlikely to Affect Electro Scientific Industries (ESIO) Stock Price

News articles about Electro Scientific Industries (NASDAQ:ESIO) have trended positive on Sunday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Electro Scientific Industries earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 47.4588636251507 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

ESIO has been the topic of several research reports. TheStreet upgraded Electro Scientific Industries from a “c” rating to a “b-” rating in a research report on Friday, January 19th. Zacks Investment Research upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, December 22nd. BidaskClub cut Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Lake Street Capital lifted their price objective on Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Finally, Needham & Company LLC lifted their price objective on Electro Scientific Industries from $12.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.00.

Shares of Electro Scientific Industries (ESIO) traded up $1.31 during trading hours on Friday, reaching $17.36. The company’s stock had a trading volume of 1,946,485 shares, compared to its average volume of 1,942,318. The stock has a market capitalization of $582.46, a PE ratio of 28.93, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76. Electro Scientific Industries has a 1-year low of $6.17 and a 1-year high of $27.72. The company has a quick ratio of 2.04, a current ratio of 2.86 and a debt-to-equity ratio of 0.07.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.16. The business had revenue of $110.80 million during the quarter, compared to analysts’ expectations of $107.00 million. Electro Scientific Industries had a return on equity of 14.57% and a net margin of 7.63%. The firm’s quarterly revenue was up 227.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.23) earnings per share. sell-side analysts predict that Electro Scientific Industries will post 1.99 EPS for the current fiscal year.

In other news, CFO Paul R. Oldham sold 60,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $24.08, for a total value of $1,444,800.00. Following the completion of the transaction, the chief financial officer now owns 287,665 shares in the company, valued at $6,926,973.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.22% of the stock is currently owned by insiders.

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About Electro Scientific Industries

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Insider Buying and Selling by Quarter for Electro Scientific Industries (NASDAQ:ESIO)

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