News coverage about Electro Scientific Industries (NASDAQ:ESIO) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Electro Scientific Industries earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.6346888053919 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of brokerages have recently weighed in on ESIO. BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, August 8th. ValuEngine raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Needham & Company LLC raised Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, August 3rd. Finally, Lake Street Capital decreased their price target on Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $12.83.
Electro Scientific Industries (ESIO) traded down 1.35% during midday trading on Thursday, hitting $14.60. The stock had a trading volume of 253,082 shares. Electro Scientific Industries has a one year low of $4.50 and a one year high of $15.13. The stock’s 50-day moving average is $13.17 and its 200-day moving average is $9.48. The company’s market cap is $483.79 million.
Electro Scientific Industries (NASDAQ:ESIO) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.20. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The firm had revenue of $72.70 million during the quarter, compared to analyst estimates of $61.10 million. During the same quarter in the previous year, the business earned $0.09 EPS. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. Equities analysts predict that Electro Scientific Industries will post $0.73 EPS for the current fiscal year.
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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.
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