Nova (NVMI) to Release Earnings on Thursday

Nova (NASDAQ:NVMI) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Nova has set its Q1 guidance at $1.21-1.33 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Nova (NASDAQ:NVMI) last posted its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.14. Nova had a return on equity of 20.55% and a net margin of 26.32%. The company had revenue of $134.22 million during the quarter, compared to analysts’ expectations of $128.00 million. On average, analysts expect Nova to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Nova Stock Up 0.8 %

Shares of NVMI opened at $183.53 on Wednesday. The stock’s 50-day moving average price is $175.15 and its 200 day moving average price is $147.08. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 6.76 and a beta of 1.40. Nova has a 12-month low of $89.59 and a 12-month high of $190.51.

Analysts Set New Price Targets

NVMI has been the topic of several research reports. Evercore ISI initiated coverage on Nova in a report on Tuesday, April 16th. They set an “outperform” rating and a $210.00 price objective on the stock. Benchmark boosted their price objective on Nova from $150.00 to $187.00 and gave the stock a “buy” rating in a report on Friday, February 16th.

Nova Company Profile

Nova 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 materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.