News articles about Electro Scientific Industries (NASDAQ:ESIO) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Electro Scientific Industries earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.9661930615029 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Electro Scientific Industries (ESIO) & Atkore International Group (ATKR) Financial Analysis (americanbankingnews.com)
- ESI Targets Growing HDI Space (flex.iconnect007.com)
- RSI Touches 52.97 For Electro Scientific Industries, Inc. (NASDAQ:ESIO) (expressnewsline.com)
- Beta Factor Evaluation – Electro Scientific Industries (NASDAQ:ESIO) (thestockgem.com)
- Electro Scientific Industries (ESIO) Lowered to “Hold” at BidaskClub (americanbankingnews.com)
ESIO traded up $0.13 during trading on Tuesday, hitting $19.56. 73,548 shares of the company traded hands, compared to its average volume of 1,169,183. The firm has a market cap of $658.96, a P/E ratio of -17.11, a PEG ratio of 0.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.04 and a current ratio of 2.86. Electro Scientific Industries has a one year low of $6.19 and a one year high of $27.72.
Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.16. The business had revenue of $110.80 million for the quarter, compared to the consensus estimate of $107.00 million. Electro Scientific Industries had a net margin of 7.63% and a return on equity of 14.57%. The company’s revenue was up 227.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) earnings per share. equities research analysts predict that Electro Scientific Industries will post 2.5 earnings per share for the current fiscal year.
ESIO has been the subject of several research reports. BidaskClub upgraded shares of Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. DA Davidson restated a “buy” rating and set a $32.00 price target on shares of Electro Scientific Industries in a research report on Thursday, January 18th. Zacks Investment Research lowered shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Monday, December 25th. Needham & Company LLC increased their price target on shares of Electro Scientific Industries from $27.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Stifel Nicolaus initiated coverage on shares of Electro Scientific Industries in a research report on Wednesday, March 14th. They set a “buy” rating and a $36.00 price target for the company. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $32.60.
In other Electro Scientific Industries news, VP John Edward Williams sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $18.05, for a total transaction of $90,250.00. Following the sale, the vice president now directly owns 59,800 shares of the company’s stock, valued at $1,079,390. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.22% of the stock is owned by corporate insiders.
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Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. It provides printed circuit boards, including laser via drilling systems for electrical interconnect applications; micro via drilling technology that addresses the changing applications in integrated circuit packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems comprising single-beam and multi-beam systems.
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