Camtek (CAMT) Expected to Announce Earnings on Wednesday

Camtek (NASDAQ:CAMT) will likely be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $115.08 million for the quarter. Camtek has set its Q4 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Camtek (NASDAQ:CAMT) last announced its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Camtek had a return on equity of 24.21% and a net margin of 26.53%. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same period in the previous year, the business earned $0.46 EPS. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, analysts expect Camtek to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Camtek Price Performance

Shares of CAMT opened at $93.54 on Thursday. The business has a 50-day moving average of $85.62 and a 200-day moving average of $84.91. Camtek has a 1 year low of $69.83 and a 1 year high of $140.50. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.28 and a quick ratio of 4.36.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CAMT shares. StockNews.com raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price target on shares of Camtek in a research report on Wednesday, November 13th. Barclays lowered their price objective on Camtek from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Stifel Nicolaus restated a “buy” rating and set a $105.00 target price on shares of Camtek in a research report on Thursday, December 12th. Finally, Northland Securities lifted their target price on Camtek from $102.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.44.

About Camtek

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.