Electro Scientific Industries (ESIO) Earns Daily Media Sentiment Score of 0.13

News coverage about Electro Scientific Industries (NASDAQ:ESIO) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. 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 coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.9689608324376 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several brokerages have recently commented on ESIO. Zacks Investment Research lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Monday, December 25th. BidaskClub lowered Electro Scientific Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Lake Street Capital upped their price target on Electro Scientific Industries from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Needham & Company LLC increased their target price on Electro Scientific Industries from $12.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, DA Davidson reissued a “buy” rating and set a $25.00 target price on shares of Electro Scientific Industries in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Electro Scientific Industries has an average rating of “Buy” and an average target price of $26.00.

Electro Scientific Industries (ESIO) opened at $20.24 on Friday. Electro Scientific Industries has a 12 month low of $6.10 and a 12 month high of $27.72. The company has a current ratio of 2.81, a quick ratio of 1.96 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $670.69, a PE ratio of -32.13, a P/E/G ratio of 1.49 and a beta of 0.75.

Electro Scientific Industries (NASDAQ:ESIO) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative return on equity of 13.50% and a negative net margin of 9.00%. The firm had revenue of $70.97 million for the quarter, compared to analyst estimates of $65.53 million. During the same quarter in the prior year, the company earned ($0.24) EPS. Electro Scientific Industries’s revenue was up 139.3% on a year-over-year basis. analysts forecast that Electro Scientific Industries will post 1.14 earnings per share for the current year.

In other Electro Scientific Industries news, CFO Paul R. Oldham sold 120,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $23.49, for a total transaction of $2,818,800.00. Following the sale, the chief financial officer now owns 237,665 shares in the company, valued at approximately $5,582,750.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Paul R. Oldham sold 60,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $24.08, for a total value of $1,444,800.00. Following the sale, the chief financial officer now owns 287,665 shares in the company, valued at approximately $6,926,973.20. The disclosure for this sale can be found here. 6.22% of the stock is currently owned by corporate insiders.

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Electro Scientific Industries Company Profile

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)

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