Equities research analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to post earnings of $1.54 per share for the current quarter, Zacks reports. Four analysts have made estimates for KLA-Tencor Corp’s earnings, with the highest EPS estimate coming in at $1.58 and the lowest estimate coming in at $1.52. KLA-Tencor Corp reported earnings of $1.15 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.9%. The business is expected to announce its next earnings results on Tuesday, April 25th.
According to Zacks, analysts expect that KLA-Tencor Corp will report full-year earnings of $5.71 per share for the current financial year, with EPS estimates ranging from $5.58 to $5.83. For the next financial year, analysts forecast that the firm will report earnings of $6.29 per share, with EPS estimates ranging from $5.88 to $6.64. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow KLA-Tencor Corp.
KLA-Tencor Corp (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 26th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. The company earned $877 million during the quarter, compared to the consensus estimate of $838.78 million. KLA-Tencor Corp had a net margin of 26.50% and a return on equity of 120.32%. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share.
KLAC has been the subject of several analyst reports. Needham & Company LLC raised shares of KLA-Tencor Corp from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $86.00 to $95.00 in a report on Wednesday, December 14th. Vetr raised shares of KLA-Tencor Corp from a “hold” rating to a “strong-buy” rating and set a $87.82 price objective for the company in a report on Wednesday, December 14th. Goldman Sachs Group Inc initiated coverage on shares of KLA-Tencor Corp in a report on Monday, December 19th. They issued a “buy” rating and a $90.00 price objective for the company. Zacks Investment Research downgraded shares of KLA-Tencor Corp from a “buy” rating to a “hold” rating in a report on Monday, December 19th. Finally, Summit Redstone reaffirmed a “sell” rating on shares of KLA-Tencor Corp in a report on Saturday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.83.
In other news, insider Bobby R. Bell sold 10,933 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $93.61, for a total transaction of $1,023,438.13. Following the sale, the insider now owns 5,696 shares in the company, valued at approximately $533,202.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian M. Trafas sold 3,064 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $86.89, for a total transaction of $266,230.96. Following the sale, the insider now owns 5,000 shares in the company, valued at approximately $434,450. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its stake in KLA-Tencor Corp by 89.7% in the third quarter. Global X Management Co. LLC now owns 1,527 shares of the company’s stock valued at $106,000 after buying an additional 722 shares during the period. CENTRAL TRUST Co boosted its stake in KLA-Tencor Corp by 40.0% in the third quarter. CENTRAL TRUST Co now owns 2,100 shares of the company’s stock valued at $146,000 after buying an additional 600 shares during the period. Raymond James Trust N.A. bought a new stake in KLA-Tencor Corp during the first quarter valued at $209,000. Tyers Asset Management LLC bought a new stake in KLA-Tencor Corp during the fourth quarter valued at $176,000. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in KLA-Tencor Corp during the first quarter valued at $226,000. Hedge funds and other institutional investors own 90.08% of the company’s stock.
Shares of KLA-Tencor Corp (NASDAQ:KLAC) traded up 0.13% on Thursday, hitting $95.33. 1,134,903 shares of the stock traded hands. KLA-Tencor Corp has a 52 week low of $66.88 and a 52 week high of $97.49. The stock has a 50-day moving average price of $93.65 and a 200 day moving average price of $82.52. The firm has a market cap of $14.94 billion, a P/E ratio of 17.33 and a beta of 1.62.
KLA-Tencor Corp Company Profile
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/1-54-eps-expected-for-kla-tencor-corp-klac-this-quarter/1739517.html
Receive News & Ratings for KLA-Tencor Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corp and related companies with MarketBeat.com's FREE daily email newsletter.