Equities analysts expect FormFactor, Inc. (NASDAQ:FORM) to post earnings of $0.15 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for FormFactor’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. FormFactor posted earnings per share of $0.24 in the same quarter last year, which would indicate a negative year over year growth rate of 37.5%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that FormFactor will report full-year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.29. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.52 per share, with EPS estimates ranging from $1.40 to $1.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow FormFactor.
A number of brokerages have recently commented on FORM. Citigroup raised their price objective on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective (up previously from $20.00) on shares of FormFactor in a research note on Thursday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of FormFactor in a research note on Friday, October 27th. Zacks Investment Research cut shares of FormFactor from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Finally, BidaskClub cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $18.00.
A number of institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in FormFactor in the 4th quarter valued at $496,000. Macquarie Group Ltd. grew its stake in FormFactor by 3.8% in the 4th quarter. Macquarie Group Ltd. now owns 190,393 shares of the semiconductor company’s stock valued at $2,980,000 after acquiring an additional 6,919 shares during the period. Cornerstone Capital Management Holdings LLC. grew its stake in FormFactor by 253.1% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 212,200 shares of the semiconductor company’s stock valued at $3,320,000 after acquiring an additional 152,100 shares during the period. TIAA CREF Investment Management LLC grew its stake in FormFactor by 99.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 526,343 shares of the semiconductor company’s stock valued at $8,237,000 after acquiring an additional 262,210 shares during the period. Finally, Teachers Advisors LLC grew its stake in FormFactor by 6.2% in the 4th quarter. Teachers Advisors LLC now owns 846,228 shares of the semiconductor company’s stock valued at $13,243,000 after acquiring an additional 49,588 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FormFactor (NASDAQ:FORM) opened at $12.85 on Tuesday. The company has a market cap of $932.04, a P/E ratio of 23.36, a PEG ratio of 0.74 and a beta of 1.27. FormFactor has a one year low of $10.45 and a one year high of $18.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16.
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FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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