Wall Street brokerages predict that Orbotech Ltd (NASDAQ:ORBK) will post $250.20 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Orbotech’s earnings. The lowest sales estimate is $250.00 million and the highest is $250.80 million. Orbotech reported sales of $215.04 million during the same quarter last year, which indicates a positive year over year growth rate of 16.4%. The business is expected to issue its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that Orbotech will report full year sales of $250.20 million for the current year, with estimates ranging from $893.98 million to $894.80 million. For the next fiscal year, analysts forecast that the firm will post sales of $976.06 million per share, with estimates ranging from $965.48 million to $985.10 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Orbotech.
ORBK has been the topic of several research analyst reports. Stifel Nicolaus upped their target price on shares of Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Barclays upped their target price on shares of Orbotech to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. BidaskClub cut shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research cut shares of Orbotech from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Oppenheimer upped their target price on shares of Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $51.00.
Orbotech (NASDAQ ORBK) traded up $0.76 on Friday, reaching $50.49. 288,100 shares of the company’s stock traded hands, compared to its average volume of 244,650. The company has a quick ratio of 2.71, a current ratio of 3.37 and a debt-to-equity ratio of 0.07. The company has a market cap of $2,440.00, a PE ratio of 24.04, a P/E/G ratio of 0.84 and a beta of 0.80. Orbotech has a 1-year low of $28.01 and a 1-year high of $56.44.
Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.
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