Wall Street analysts expect Orbotech Ltd (NASDAQ:ORBK) to post $262.49 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Orbotech’s earnings, with the lowest sales estimate coming in at $262.40 million and the highest estimate coming in at $262.58 million. Orbotech reported sales of $245.66 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The firm is expected to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Orbotech will report full year sales of $1.04 billion for the current year, with estimates ranging from $1.03 billion to $1.04 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.11 billion, with estimates ranging from $1.10 billion to $1.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Orbotech.

Orbotech (NASDAQ:ORBK) last announced its quarterly earnings results on Wednesday, August 1st. The electronics maker reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.07. The company had revenue of $267.50 million during the quarter, compared to analysts’ expectations of $258.51 million. Orbotech had a return on equity of 17.77% and a net margin of 15.56%. Orbotech’s revenue for the quarter was up 27.0% on a year-over-year basis.

Several equities analysts have recently weighed in on ORBK shares. BidaskClub cut Orbotech from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. Zacks Investment Research cut Orbotech from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $60.43.

Shares of NASDAQ ORBK opened at $55.46 on Friday. The firm has a market capitalization of $2.89 billion, a PE ratio of 20.28, a P/E/G ratio of 1.03 and a beta of 0.70. Orbotech has a fifty-two week low of $42.77 and a fifty-two week high of $65.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.52 and a quick ratio of 2.80.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Orbotech during the second quarter valued at $176,000. Cambridge Investment Research Advisors Inc. bought a new stake in Orbotech during the first quarter valued at $205,000. Schwab Charles Investment Management Inc. bought a new stake in Orbotech during the second quarter valued at $248,000. Jane Street Group LLC bought a new stake in Orbotech during the first quarter valued at $344,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Orbotech by 25.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,008 shares of the electronics maker’s stock valued at $371,000 after buying an additional 1,225 shares during the period. Institutional investors own 70.19% of the company’s stock.

About Orbotech

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs), and other electronic components in China, Taiwan, North America, Europe, Japan, Korea, and internationally. It operates through three segments: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software.

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