Camtek (CAMT) to Release Earnings on Thursday

Camtek (NASDAQ:CAMT) will be releasing its earnings data before the market opens on Thursday, August 1st. Analysts expect Camtek to post earnings of $0.59 per share for the quarter. Camtek has set its Q2 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Camtek (NASDAQ:CAMT) last announced its earnings results on Thursday, May 9th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. Camtek had a return on equity of 20.94% and a net margin of 25.35%. The company had revenue of $97.01 million for the quarter, compared to analyst estimates of $93.75 million. On average, analysts expect Camtek to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Camtek Stock Down 3.7 %

Shares of CAMT traded down $3.82 during mid-day trading on Tuesday, hitting $98.69. 157,332 shares of the company traded hands, compared to its average volume of 489,209. The business has a 50 day moving average of $115.50 and a 200 day moving average of $93.28. The company has a market capitalization of $4.43 billion, a PE ratio of 57.92, a price-to-earnings-growth ratio of 2.17 and a beta of 1.41. The company has a quick ratio of 3.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.44. Camtek has a 1-year low of $44.08 and a 1-year high of $140.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CAMT shares. Evercore ISI started coverage on Camtek in a report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price for the company. Northland Capmk downgraded shares of Camtek from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 16th. Bank of America raised their price target on shares of Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Jefferies Financial Group began coverage on Camtek in a research report on Monday, May 13th. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Needham & Company LLC boosted their price target on Camtek from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Camtek presently has a consensus rating of “Moderate Buy” and an average price target of $103.63.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.