Brokerages Anticipate LTX-Credence Co. common stock (XCRA) Will Announce Earnings of $0.28 Per Share

Equities research analysts predict that LTX-Credence Co. common stock (NASDAQ:XCRA) will announce $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for LTX-Credence Co. common stock’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.32. LTX-Credence Co. common stock reported earnings per share of $0.25 during the same quarter last year, which indicates a positive year over year growth rate of 12%. The firm is scheduled to report its next quarterly earnings results on Wednesday, August 29th.

On average, analysts expect that LTX-Credence Co. common stock will report full-year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.08. For the next financial year, analysts forecast that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.05 to $1.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for LTX-Credence Co. common stock.

LTX-Credence Co. common stock (NASDAQ:XCRA) last issued its earnings results on Wednesday, May 30th. The semiconductor company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company had revenue of $115.70 million during the quarter, compared to the consensus estimate of $112.73 million. LTX-Credence Co. common stock had a return on equity of 16.54% and a net margin of 10.49%. LTX-Credence Co. common stock’s quarterly revenue was up 11.7% on a year-over-year basis.

A number of research firms have issued reports on XCRA. Zacks Investment Research downgraded LTX-Credence Co. common stock from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. BidaskClub downgraded LTX-Credence Co. common stock from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. ValuEngine upgraded LTX-Credence Co. common stock from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 22nd. Stifel Nicolaus downgraded LTX-Credence Co. common stock from a “buy” rating to a “hold” rating and lifted their price target for the company from $13.00 to $14.00 in a research note on Tuesday, May 29th. Finally, B. Riley downgraded LTX-Credence Co. common stock from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $14.00 in a research note on Wednesday, May 9th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.05.

LTX-Credence Co. common stock opened at $14.52 on Monday, Marketbeat Ratings reports. The stock has a market cap of $807.80 million, a price-to-earnings ratio of 29.63, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.40 and a quick ratio of 3.35. LTX-Credence Co. common stock has a 52-week low of $9.20 and a 52-week high of $14.87.

Several institutional investors have recently bought and sold shares of the business. Element Capital Management LLC bought a new stake in shares of LTX-Credence Co. common stock in the 1st quarter worth approximately $141,000. First Republic Investment Management Inc. bought a new stake in shares of LTX-Credence Co. common stock in the 1st quarter worth approximately $142,000. Cubist Systematic Strategies LLC bought a new stake in shares of LTX-Credence Co. common stock in the 1st quarter worth approximately $158,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of LTX-Credence Co. common stock in the 1st quarter worth approximately $181,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of LTX-Credence Co. common stock by 2,638.9% in the 1st quarter. Meeder Asset Management Inc. now owns 16,625 shares of the semiconductor company’s stock worth $193,000 after purchasing an additional 16,018 shares during the period. 82.72% of the stock is currently owned by hedge funds and other institutional investors.

LTX-Credence Co. common stock Company Profile

Xcerra Corporation provides test and handling capital equipment, interface products, and test fixtures and related services to the semiconductor and electronics manufacturing industries worldwide. It operates through two segments, Semiconductor Test Solutions and Electronic Manufacturing Solutions. The company offers Diamond series platform that offers high-density packaging for the testing of microcontrollers, and consumer and digital-based ASSP and ASIC devices; X-Series platform that offers configurations for the testing of analog-based ASSP and ASIC, power, automotive, mixed signal, and RF applications; and ASL platform for testing linear, low-end mixed signal, precision analog, and power management devices.

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