Kulicke and Soffa Industries (KLIC) Set to Announce Quarterly Earnings on Wednesday

Kulicke and Soffa Industries (NASDAQ:KLIC) will be issuing its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. Kulicke and Soffa Industries’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. On average, analysts expect Kulicke and Soffa Industries to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $47.09 on Wednesday. The company has a 50-day simple moving average of $43.28 and a two-hundred day simple moving average of $45.27. The stock has a market capitalization of $2.57 billion, a PE ratio of -45.28 and a beta of 1.38. Kulicke and Soffa Industries has a 52-week low of $38.20 and a 52-week high of $56.71.

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 19th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. Kulicke and Soffa Industries’s payout ratio is currently -76.92%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KLIC. StockNews.com downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. TD Cowen dropped their price objective on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, Craig Hallum reduced their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.33.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.