$34.00 Million in Sales Expected for Camtek LTD. (CAMT) This Quarter

Wall Street brokerages forecast that Camtek LTD. (NASDAQ:CAMT) will announce $34.00 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Camtek’s earnings. Camtek posted sales of $27.27 million during the same quarter last year, which suggests a positive year-over-year growth rate of 24.7%. The business is scheduled to announce its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Camtek will report full year sales of $138.65 million for the current fiscal year, with estimates ranging from $138.00 million to $139.30 million. For the next financial year, analysts anticipate that the company will post sales of $156.10 million, with estimates ranging from $155.00 million to $157.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Camtek.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings data on Wednesday, February 13th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Camtek had a return on equity of 20.63% and a net margin of 15.21%. The business had revenue of $33.20 million during the quarter, compared to analyst estimates of $33.00 million. During the same quarter last year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was up 28.7% on a year-over-year basis.

Several equities analysts have recently weighed in on the company. BidaskClub upgraded Camtek from a “hold” rating to a “buy” rating in a report on Wednesday, December 5th. ValuEngine downgraded Camtek from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded Camtek from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Thursday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.17.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAMT. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Camtek in the 4th quarter worth about $104,000. Virtu Financial LLC bought a new stake in Camtek in the 4th quarter worth about $129,000. D. E. Shaw & Co. Inc. bought a new stake in Camtek in the 4th quarter worth about $151,000. Campbell & CO Investment Adviser LLC bought a new stake in Camtek in the 4th quarter worth about $236,000. Finally, ETF Managers Group LLC increased its holdings in Camtek by 21.0% in the 4th quarter. ETF Managers Group LLC now owns 35,135 shares of the semiconductor company’s stock worth $238,000 after buying an additional 6,088 shares in the last quarter. Institutional investors own 24.45% of the company’s stock.

Shares of NASDAQ:CAMT traded up $0.22 on Friday, hitting $9.14. 3,159 shares of the company traded hands, compared to its average volume of 126,376. Camtek has a 52 week low of $6.29 and a 52 week high of $11.11. The company has a market capitalization of $325.05 million, a PE ratio of 17.60 and a beta of 1.41.

About Camtek

Camtek Ltd. provides inspection and metrology solutions for the semiconductor industry in the Asia Pacific, North America, and Europe. The company provides solutions based on its advanced image processing, motion control, material handling, and optics related technologies. It designs, develops, manufactures, and markets automatic optical inspection (AOI) systems that optically inspect and measure various types of semiconductors wafers.

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Earnings History and Estimates for Camtek (NASDAQ:CAMT)

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