Zacks: Analysts Anticipate Kulicke and Soffa Industries Inc. (KLIC) Will Announce Quarterly Sales of $185.00 Million
Equities analysts expect Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) to report sales of $185.00 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kulicke and Soffa Industries’ earnings. Kulicke and Soffa Industries reported sales of $215.89 million in the same quarter last year, which would suggest a negative year over year growth rate of 14.3%. The company is expected to issue its next earnings report on Tuesday, November 13th.
On average, analysts expect that Kulicke and Soffa Industries will report full-year sales of $889.30 million for the current fiscal year. For the next financial year, analysts forecast that the firm will report sales of $934.75 million per share, with estimates ranging from $925.00 million to $944.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Kulicke and Soffa Industries.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 1st. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.23. The business had revenue of $268.83 million during the quarter, compared to the consensus estimate of $260.42 million. Kulicke and Soffa Industries had a return on equity of 19.51% and a net margin of 6.93%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS.
In other news, VP Deepak Sood sold 20,000 shares of the business’s stock in a transaction on Friday, July 13th. The stock was sold at an average price of $28.00, for a total transaction of $560,000.00. Following the completion of the transaction, the vice president now owns 87,235 shares of the company’s stock, valued at approximately $2,442,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter T. M. Kong purchased 5,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were acquired at an average cost of $26.89 per share, with a total value of $134,450.00. Following the acquisition, the director now directly owns 45,090 shares in the company, valued at approximately $1,212,470.10. The disclosure for this purchase can be found here. Insiders have sold a total of 22,900 shares of company stock valued at $639,000 in the last three months. 1.40% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of KLIC. Mount Yale Investment Advisors LLC acquired a new position in shares of Kulicke and Soffa Industries during the 1st quarter worth $114,000. Itau Unibanco Holding S.A. acquired a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth $119,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Kulicke and Soffa Industries during the 1st quarter worth $150,000. Allianz Asset Management GmbH acquired a new position in Kulicke and Soffa Industries in the 1st quarter worth about $204,000. Finally, Element Capital Management LLC acquired a new position in Kulicke and Soffa Industries in the 1st quarter worth about $208,000. 84.04% of the stock is owned by institutional investors.
Shares of NASDAQ:KLIC traded up $0.62 during trading on Tuesday, reaching $25.28. 14,477 shares of the company traded hands, compared to its average volume of 469,168. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.42 and a current ratio of 5.02. Kulicke and Soffa Industries has a 52 week low of $18.86 and a 52 week high of $28.71.
Kulicke and Soffa Industries announced that its board has authorized a share repurchase plan on Tuesday, July 10th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Thursday, September 27th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.90%. Kulicke and Soffa Industries’s payout ratio is 30.97%.
About Kulicke and Soffa Industries
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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