Onto Innovation (NYSE:ONTO – Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Onto Innovation has set its Q1 guidance at $1.00-$1.20 EPS and its Q1 2024 guidance at 1.000-1.200 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Onto Innovation (NYSE:ONTO – Get Free Report) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07. The company had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $209.06 million. Onto Innovation had a net margin of 14.85% and a return on equity of 10.95%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 EPS. On average, analysts expect Onto Innovation to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Onto Innovation Trading Up 3.9 %
Shares of NYSE:ONTO opened at $208.65 on Tuesday. The stock has a market capitalization of $10.25 billion, a PE ratio of 84.82 and a beta of 1.40. The firm has a 50 day moving average of $184.43 and a 200-day moving average of $159.98. Onto Innovation has a 12 month low of $84.17 and a 12 month high of $210.11.
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Wall Street Analysts Forecast Growth
ONTO has been the topic of several research reports. StockNews.com raised shares of Onto Innovation from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Evercore ISI initiated coverage on shares of Onto Innovation in a report on Tuesday, April 16th. They set an “outperform” rating and a $235.00 price target on the stock. B. Riley lifted their price target on shares of Onto Innovation from $195.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 9th. Benchmark lifted their price target on shares of Onto Innovation from $145.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Stifel Nicolaus boosted their target price on shares of Onto Innovation from $188.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.60.
View Our Latest Stock Report on Onto Innovation
Onto Innovation Company Profile
Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.
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