Analysts Anticipate FormFactor, Inc. (NASDAQ:FORM) Will Announce Earnings of $0.19 Per Share

Equities research analysts expect that FormFactor, Inc. (NASDAQ:FORM) will report $0.19 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for FormFactor’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.18. FormFactor reported earnings of $0.27 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 29.6%. The firm is expected to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that FormFactor will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.90. For the next year, analysts anticipate that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.90 to $1.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for FormFactor.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $132.21 million during the quarter, compared to analysts’ expectations of $130.37 million. FormFactor had a net margin of 19.76% and a return on equity of 11.06%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share.

A number of brokerages recently weighed in on FORM. Zacks Investment Research cut shares of FormFactor from a “hold” rating to a “sell” rating in a report on Friday, March 15th. DA Davidson lifted their price objective on shares of FormFactor to $21.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. BidaskClub upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Needham & Company LLC initiated coverage on shares of FormFactor in a research note on Monday. They issued a “buy” rating and a $19.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.17.

Shares of FORM stock traded down $0.66 during trading on Friday, reaching $14.51. The company’s stock had a trading volume of 388,400 shares, compared to its average volume of 355,090. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.54 and a current ratio of 3.36. The stock has a market capitalization of $1.11 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.91 and a beta of 1.79. FormFactor has a 1-year low of $11.38 and a 1-year high of $19.27.

In related news, Director Raymond A. Link sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $15.58, for a total value of $62,320.00. Following the completion of the transaction, the director now owns 49,602 shares in the company, valued at $772,799.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.88% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new position in FormFactor in the 4th quarter valued at about $28,000. PNC Financial Services Group Inc. lifted its holdings in FormFactor by 22.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,120 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 924 shares in the last quarter. Advisor Group Inc. lifted its holdings in FormFactor by 28.0% in the 4th quarter. Advisor Group Inc. now owns 6,311 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 1,381 shares in the last quarter. NumerixS Investment Technologies Inc lifted its holdings in FormFactor by 725.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 6,600 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its holdings in FormFactor by 15.4% in the 4th quarter. Flinton Capital Management LLC now owns 8,640 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 1,152 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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