Cohu (COHU) Scheduled to Post Earnings on Thursday

Cohu (NASDAQ:COHU) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $137.23 million for the quarter, compared to analysts’ expectations of $136.94 million. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The business’s revenue was down 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. On average, analysts expect Cohu to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cohu Stock Performance

Shares of COHU opened at $30.32 on Wednesday. The firm’s 50 day moving average is $31.49 and its 200-day moving average is $32.53. The stock has a market capitalization of $1.43 billion, a P/E ratio of 51.39 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. Cohu has a 12-month low of $28.57 and a 12-month high of $43.99.

Wall Street Analysts Forecast Growth

Several research analysts have commented on COHU shares. TD Cowen raised their target price on shares of Cohu from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Cohu in a report on Friday, February 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.50.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.