Camtek (CAMT) Expected to Announce Quarterly Earnings on Wednesday

Camtek (NASDAQ:CAMT - Get Free Report) will likely be issuing its quarterly earnings data 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 - Get Free Report) last posted its earnings results on Tuesday, November 12th. The semiconductor company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Camtek had a net margin of 26.53% and a return on equity of 24.21%. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $108.51 million. During the same period last year, the firm posted $0.46 EPS. The company's revenue was up 39.5% on a year-over-year basis. On average, analysts expect Camtek to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Camtek Stock Performance

NASDAQ CAMT traded down $2.23 during trading hours on Thursday, hitting $91.31. The company had a trading volume of 283,121 shares, compared to its average volume of 607,534. The business has a 50 day moving average of $85.62 and a 200-day moving average of $84.91. The company has a market cap of $4.14 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. Camtek has a 1-year low of $69.83 and a 1-year high of $140.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.36 and a current ratio of 5.28.

Wall Street Analyst Weigh In

CAMT has been the topic of several research analyst reports. Northland Securities lifted their price target on Camtek from $102.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $105.00 target price on shares of Camtek in a report on Thursday, December 12th. Cantor Fitzgerald began coverage on shares of Camtek in a research note on Monday, January 13th. They set a "neutral" rating and a $100.00 price target for the company. Needham & Company LLC reissued a "buy" rating and set a $95.00 price objective on shares of Camtek in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of Camtek from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Two equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.44.

Camtek Company Profile

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.