Wall Street brokerages expect Electro Scientific Industries, Inc. (NASDAQ:ESIO) to post sales of $63.45 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Electro Scientific Industries’ earnings, with the lowest sales estimate coming in at $60.00 million and the highest estimate coming in at $66.90 million. Electro Scientific Industries reported sales of $110.84 million during the same quarter last year, which indicates a negative year-over-year growth rate of 42.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 30th.

On average, analysts expect that Electro Scientific Industries will report full-year sales of $327.75 million for the current financial year, with estimates ranging from $326.50 million to $329.00 million. For the next fiscal year, analysts forecast that the company will post sales of $370.00 million, with estimates ranging from $340.00 million to $400.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Electro Scientific Industries.

Electro Scientific Industries (NASDAQ:ESIO) last announced its earnings results on Tuesday, October 30th. The semiconductor company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Electro Scientific Industries had a return on equity of 45.60% and a net margin of 37.32%. The firm had revenue of $85.92 million during the quarter, compared to the consensus estimate of $84.35 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year.

A number of analysts have commented on ESIO shares. BidaskClub downgraded Electro Scientific Industries from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. Needham & Company LLC downgraded Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. DA Davidson downgraded Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Wednesday, October 31st. ValuEngine upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Finally, Stifel Nicolaus downgraded Electro Scientific Industries from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Tuesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.60.

NASDAQ:ESIO traded up $0.01 during mid-day trading on Monday, hitting $29.50. 837,123 shares of the company’s stock traded hands, compared to its average volume of 950,384. Electro Scientific Industries has a 12 month low of $13.92 and a 12 month high of $29.62. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.23 and a beta of 0.06. The company has a quick ratio of 4.16, a current ratio of 5.67 and a debt-to-equity ratio of 0.04.

Several institutional investors have recently bought and sold shares of ESIO. Itau Unibanco Holding S.A. bought a new position in shares of Electro Scientific Industries during the 2nd quarter worth approximately $109,000. Fortis Advisors LLC bought a new position in shares of Electro Scientific Industries during the 2nd quarter worth approximately $123,000. Piedmont Investment Advisors LLC bought a new position in shares of Electro Scientific Industries during the 2nd quarter worth approximately $126,000. Pacer Advisors Inc. lifted its position in shares of Electro Scientific Industries by 455.0% during the 3rd quarter. Pacer Advisors Inc. now owns 7,953 shares of the semiconductor company’s stock worth $139,000 after buying an additional 6,520 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Electro Scientific Industries during the 2nd quarter worth approximately $148,000. Institutional investors and hedge funds own 93.28% of the company’s stock.

Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

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