Nova Measuring Instruments (NVMI) Releases Q1 Earnings Guidance

Nova Measuring Instruments (NASDAQ:NVMI) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.24-0.34 for the period, compared to the Thomson Reuters consensus estimate of $0.43. The company issued revenue guidance of $52-58 million, compared to the consensus revenue estimate of $60.73 million.

A number of research firms have weighed in on NVMI. Zacks Investment Research cut shares of Nova Measuring Instruments from a hold rating to a sell rating in a research report on Thursday, November 8th. ValuEngine upgraded shares of Nova Measuring Instruments from a sell rating to a hold rating in a research report on Thursday, November 1st. Finally, BidaskClub upgraded shares of Nova Measuring Instruments from a sell rating to a hold rating in a research report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $33.25.

Shares of NASDAQ:NVMI opened at $24.34 on Wednesday. The company has a market capitalization of $673.62 million, a P/E ratio of 13.16 and a beta of 1.13. Nova Measuring Instruments has a fifty-two week low of $20.83 and a fifty-two week high of $32.00.

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Nova Measuring Instruments Company Profile

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment.

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