Electro Scientific Industries (ESIO) Receiving Somewhat Positive News Coverage, Analysis Finds

Media headlines about Electro Scientific Industries (NASDAQ:ESIO) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Electro Scientific Industries earned a news impact score of 0.18 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.5388515149422 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Electro Scientific Industries (NASDAQ ESIO) opened at 12.36 on Friday. The firm’s market cap is $409.56 million. Electro Scientific Industries has a 52 week low of $4.50 and a 52 week high of $12.60. The company has a 50-day moving average price of $11.07 and a 200 day moving average price of $8.46.

Electro Scientific Industries (NASDAQ:ESIO) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.20. The firm had revenue of $72.70 million for the quarter, compared to the consensus estimate of $61.10 million. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The company’s revenue was up 52.4% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Analysts expect that Electro Scientific Industries will post $0.72 EPS for the current fiscal year.

Several analysts have recently weighed in on ESIO shares. ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Lake Street Capital decreased their price objective on Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. BidaskClub raised Electro Scientific Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Needham & Company LLC raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, August 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.00.

TRADEMARK VIOLATION WARNING: “Electro Scientific Industries (ESIO) Receiving Somewhat Positive News Coverage, Analysis Finds” was originally posted by BBNS and is the property of of BBNS. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://baseballnewssource.com/markets/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-electro-scientific-industries-esio-share-price/1565105.html.

About Electro Scientific Industries

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Insider Buying and Selling by Quarter for Electro Scientific Industries (NASDAQ:ESIO)

Receive News & Ratings for Electro Scientific Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.