Zacks: Brokerages Expect KLA-Tencor Corporation (KLAC) to Announce $1.59 Earnings Per Share

Equities analysts forecast that KLA-Tencor Corporation (NASDAQ:KLAC) will post $1.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for KLA-Tencor Corporation’s earnings. The lowest EPS estimate is $1.56 and the highest is $1.63. KLA-Tencor Corporation reported earnings per share of $1.77 during the same quarter last year, which would indicate a negative year over year growth rate of 10.2%. The company is scheduled to announce its next earnings report on Thursday, July 27th.

According to Zacks, analysts expect that KLA-Tencor Corporation will report full-year earnings of $5.88 per share for the current fiscal year, with EPS estimates ranging from $5.85 to $5.93. For the next fiscal year, analysts forecast that the company will post earnings of $6.80 per share, with EPS estimates ranging from $6.65 to $7.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for KLA-Tencor Corporation.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The firm had revenue of $914 million for the quarter, compared to analysts’ expectations of $895.69 million. KLA-Tencor Corporation had a net margin of 27.20% and a return on equity of 106.36%. The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

A number of brokerages have issued reports on KLAC. B. Riley reissued a “buy” rating and issued a $115.00 price target on shares of KLA-Tencor Corporation in a research note on Wednesday, May 3rd. BidaskClub lowered KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Susquehanna Bancshares Inc reissued a “negative” rating on shares of KLA-Tencor Corporation in a research note on Monday, April 17th. Credit Suisse Group reissued an “outperform” rating and issued a $100.00 price target on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Finally, Needham & Company LLC raised their price target on KLA-Tencor Corporation from $105.00 to $120.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. KLA-Tencor Corporation currently has a consensus rating of “Buy” and a consensus price target of $93.83.

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In related news, SVP Brian Lorig sold 1,663 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $99.81, for a total transaction of $165,984.03. Following the sale, the senior vice president now directly owns 1,346 shares in the company, valued at approximately $134,344.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kevin Kennedy sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $99.09, for a total value of $247,725.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,858 shares of company stock worth $986,284. Company insiders own 0.26% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Cohen Capital Management Inc. bought a new stake in shares of KLA-Tencor Corporation during the first quarter valued at approximately $119,000. Ledyard National Bank bought a new stake in shares of KLA-Tencor Corporation during the first quarter valued at approximately $135,000. Trust Co. of Vermont increased its stake in shares of KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 45 shares during the last quarter. Tyers Asset Management LLC bought a new stake in shares of KLA-Tencor Corporation during the fourth quarter valued at approximately $176,000. Finally, IFP Advisors Inc increased its stake in shares of KLA-Tencor Corporation by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 928 shares during the last quarter. Institutional investors and hedge funds own 91.93% of the company’s stock.

Shares of KLA-Tencor Corporation (NASDAQ KLAC) traded up 1.32% on Friday, hitting $97.95. 1,595,330 shares of the stock traded hands. The company has a market cap of $15.35 billion, a PE ratio of 16.35 and a beta of 1.61. The firm’s 50 day moving average is $102.14 and its 200-day moving average is $91.78. KLA-Tencor Corporation has a 12 month low of $66.88 and a 12 month high of $109.59.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $2.16 annualized dividend and a dividend yield of 2.21%. KLA-Tencor Corporation’s payout ratio is currently 36.06%.

KLA-Tencor Corporation 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.

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