Orbotech Ltd (NASDAQ:ORBK) – Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for Orbotech in a note issued to investors on Thursday, Zacks Investment Research reports. Oppenheimer analyst A. Uerkwitz forecasts that the electronics maker will post earnings per share of $0.72 for the quarter. Oppenheimer also issued estimates for Orbotech’s Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $0.86 EPS and FY2019 earnings at $3.86 EPS.
Orbotech (NASDAQ:ORBK) last announced its quarterly earnings data on Wednesday, February 14th. The electronics maker reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Orbotech had a return on equity of 15.98% and a net margin of 14.69%. The company had revenue of $256.90 million for the quarter, compared to analysts’ expectations of $256.02 million. During the same quarter in the prior year, the business posted $0.70 EPS. The business’s revenue was up 19.5% compared to the same quarter last year.
Shares of Orbotech (NASDAQ:ORBK) traded down $0.23 during trading on Monday, hitting $59.18. The stock had a trading volume of 144,490 shares, compared to its average volume of 426,387. Orbotech has a one year low of $30.25 and a one year high of $60.42. The company has a current ratio of 3.37, a quick ratio of 2.70 and a debt-to-equity ratio of 0.06. The company has a market cap of $2,854.05, a PE ratio of 21.84, a P/E/G ratio of 0.95 and a beta of 0.71.
Hedge funds and other institutional investors have recently modified their holdings of the business. Callahan Advisors LLC grew its holdings in Orbotech by 10.5% in the 3rd quarter. Callahan Advisors LLC now owns 54,655 shares of the electronics maker’s stock valued at $2,307,000 after buying an additional 5,195 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Orbotech by 929.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,146,419 shares of the electronics maker’s stock valued at $48,196,000 after buying an additional 1,035,068 shares in the last quarter. Prudential Financial Inc. acquired a new position in Orbotech in the 3rd quarter valued at $2,292,000. Royal Bank of Canada grew its holdings in Orbotech by 126.7% in the 2nd quarter. Royal Bank of Canada now owns 20,638 shares of the electronics maker’s stock valued at $674,000 after buying an additional 11,535 shares in the last quarter. Finally, Invictus RG acquired a new position in Orbotech in the 3rd quarter valued at $397,000. 74.73% of the stock is currently owned by hedge funds and other institutional investors.
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Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.
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