Zacks: Analysts Expect KLA-Tencor (KLAC) to Post $1.98 Earnings Per Share

Brokerages predict that KLA-Tencor (NASDAQ:KLAC) will report earnings per share of $1.98 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for KLA-Tencor’s earnings. The highest EPS estimate is $2.00 and the lowest is $1.97. KLA-Tencor reported earnings per share of $1.62 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, April 26th.

According to Zacks, analysts expect that KLA-Tencor will report full-year earnings of $7.73 per share for the current financial year, with EPS estimates ranging from $7.50 to $7.82. For the next year, analysts forecast that the business will report earnings of $8.67 per share, with EPS estimates ranging from $8.31 to $8.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for KLA-Tencor.

How to Become a New Pot Stock Millionaire

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.24. The company had revenue of $975.82 million for the quarter, compared to analyst estimates of $968.00 million. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share.



Several brokerages recently weighed in on KLAC. BidaskClub cut KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. B. Riley reaffirmed a “buy” rating and set a $142.00 target price (up previously from $129.00) on shares of KLA-Tencor in a research note on Monday, January 22nd. UBS raised KLA-Tencor to a “neutral” rating in a research note on Thursday, February 22nd. Argus decreased their target price on KLA-Tencor from $135.00 to $115.98 and set a “buy” rating for the company in a research note on Tuesday, March 20th. Finally, ValuEngine raised KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. KLA-Tencor currently has a consensus rating of “Buy” and an average price target of $124.27.

Shares of KLAC traded down $1.53 during trading hours on Friday, reaching $107.59. 922,756 shares of the company’s stock traded hands, compared to its average volume of 1,630,001. KLA-Tencor has a twelve month low of $87.93 and a twelve month high of $123.96. The firm has a market capitalization of $17,008.76, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73.

KLA-Tencor declared that its board has authorized a share buyback plan on Monday, March 19th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be given a $0.75 dividend. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.79%. KLA-Tencor’s dividend payout ratio (DPR) is 39.73%.

In related news, insider Richard P. Wallace sold 13,299 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total value of $1,464,219.90. Following the completion of the transaction, the insider now owns 43,442 shares in the company, valued at approximately $4,782,964.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bren D. Higgins sold 854 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $112.92, for a total value of $96,433.68. The disclosure for this sale can be found here. Insiders sold a total of 22,945 shares of company stock valued at $2,526,530 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in KLA-Tencor by 0.8% in the 4th quarter. BlackRock Inc. now owns 11,446,967 shares of the semiconductor company’s stock worth $1,202,732,000 after acquiring an additional 95,284 shares in the last quarter. Geode Capital Management LLC lifted its stake in KLA-Tencor by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 2,184,792 shares of the semiconductor company’s stock worth $229,185,000 after acquiring an additional 218,032 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in KLA-Tencor by 5.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,536,111 shares of the semiconductor company’s stock worth $161,399,000 after acquiring an additional 74,264 shares in the last quarter. Two Sigma Advisers LP lifted its stake in KLA-Tencor by 87.4% in the 4th quarter. Two Sigma Advisers LP now owns 1,512,896 shares of the semiconductor company’s stock worth $158,960,000 after acquiring an additional 705,464 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in KLA-Tencor by 3.2% in the 4th quarter. Deutsche Bank AG now owns 1,322,056 shares of the semiconductor company’s stock worth $138,902,000 after acquiring an additional 40,512 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Zacks: Analysts Expect KLA-Tencor (KLAC) to Post $1.98 Earnings Per Share” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://stocknewstimes.com/2018/04/22/zacks-analysts-expect-kla-tencor-klac-to-post-1-98-earnings-per-share.html.

About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.

Get a free copy of the Zacks research report on KLA-Tencor (KLAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for KLA-Tencor (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply