Nova Measuring Instruments (NASDAQ:NVMI) is set to release its earnings data before the market opens on Thursday, May 6th. Analysts expect Nova Measuring Instruments to post earnings of $0.55 per share for the quarter. Nova Measuring Instruments has set its Q1 2021
Pre-Market guidance at 0.55-0.66 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Nova Measuring Instruments (NASDAQ:NVMI) last issued its earnings results on Thursday, February 18th. The semiconductor company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Nova Measuring Instruments had a return on equity of 15.91% and a net margin of 18.09%. The company had revenue of $76.30 million during the quarter, compared to the consensus estimate of $69.90 million. On average, analysts expect Nova Measuring Instruments to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ NVMI opened at $89.62 on Wednesday. Nova Measuring Instruments has a 1-year low of $37.82 and a 1-year high of $99.79. The business has a 50-day moving average of $92.69 and a 200-day moving average of $76.47. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 55.32 and a beta of 1.06.
Several equities research analysts have recently weighed in on NVMI shares. Citigroup upped their target price on Nova Measuring Instruments from $90.00 to $97.00 in a research report on Friday, February 19th. Lake Street Capital increased their price target on Nova Measuring Instruments from $68.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 19th. Bank of America initiated coverage on Nova Measuring Instruments in a report on Tuesday, February 23rd. They set a “buy” rating and a $100.00 target price on the stock. Needham & Company LLC increased their target price on Nova Measuring Instruments from $87.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, April 27th. Finally, Zacks Investment Research raised Nova Measuring Instruments from a “strong sell” rating to a “hold” rating in a report on Thursday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Nova Measuring Instruments currently has a consensus rating of “Buy” and a consensus price target of $83.29.
About Nova Measuring Instruments
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and material metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, and deposition.
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