Camtek (NASDAQ:CAMT) Issues Earnings Results

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Camtek (NASDAQ:CAMT) announced its earnings results on Thursday. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Briefing.com reports. The company had revenue of $32.47 million for the quarter, compared to analysts’ expectations of $32.00 million. Camtek had a net margin of 18.00% and a return on equity of 21.06%. Camtek’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share.

CAMT traded up $0.04 during mid-day trading on Friday, reaching $9.90. 197,000 shares of the company traded hands, compared to its average volume of 163,581. The company’s fifty day moving average price is $10.20 and its 200-day moving average price is $9.28. Camtek has a 52-week low of $6.29 and a 52-week high of $11.36. The stock has a market capitalization of $395.41 million, a P/E ratio of 19.04 and a beta of 1.63.

CAMT has been the subject of a number of research reports. BidaskClub upgraded shares of Camtek from a “hold” rating to a “buy” rating in a research note on Monday, October 7th. Zacks Investment Research upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.

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 for Camtek (NASDAQ:CAMT)

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