FormFactor (FORM) Issues Q1 Earnings Guidance
FormFactor (NASDAQ:FORM) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.12-0.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $112-120 million, compared to the consensus revenue estimate of $120.55 million.
A number of research analysts have weighed in on the stock. B. Riley reissued a buy rating and issued a $22.00 target price (up from $20.00) on shares of FormFactor in a research note on Thursday, November 2nd. Citigroup raised their target price on shares of FormFactor from $16.00 to $17.40 and gave the stock a neutral rating in a research note on Thursday, November 2nd. Needham & Company LLC decreased their target price on shares of FormFactor from $22.00 to $20.00 and set a strong-buy rating on the stock in a research note on Thursday, January 18th. Finally, Zacks Investment Research lowered shares of FormFactor from a hold rating to a sell rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $18.06.
Shares of FormFactor (FORM) traded down $0.40 during midday trading on Wednesday, hitting $13.20. 762,588 shares of the stock were exchanged, compared to its average volume of 640,271. The firm has a market cap of $957.59, a P/E ratio of 50.77, a P/E/G ratio of 0.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45. FormFactor has a fifty-two week low of $10.45 and a fifty-two week high of $18.65.
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FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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