Camtek (NASDAQ:CAMT) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Camtek (NASDAQ:CAMT) issued its quarterly earnings data on Tuesday. The semiconductor company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06, Briefing.com reports. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $108.51 million. Camtek had a return on equity of 24.84% and a net margin of 26.53%. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. Camtek updated its Q4 2024 guidance to EPS.

Camtek Stock Performance

CAMT opened at $80.41 on Thursday. The stock’s 50 day simple moving average is $79.43 and its 200-day simple moving average is $95.64. The company has a current ratio of 5.21, a quick ratio of 4.29 and a debt-to-equity ratio of 0.42. The stock has a market cap of $3.65 billion, a PE ratio of 37.06, a P/E/G ratio of 1.70 and a beta of 1.38. Camtek has a 1 year low of $59.33 and a 1 year high of $140.50.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CAMT. Northland Securities lifted their price target on shares of Camtek from $99.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday. B. Riley dropped their price objective on Camtek from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Northland Capmk upgraded Camtek from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com downgraded Camtek from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $95.00 price objective on shares of Camtek in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $110.57.

About Camtek

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.