Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) Expected to Announce Quarterly Sales of $130.00 Million

Wall Street analysts predict that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will post $130.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kulicke and Soffa Industries’ earnings. Kulicke and Soffa Industries reported sales of $268.83 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 51.6%. The business is scheduled to report its next earnings results on Wednesday, August 7th.

On average, analysts expect that Kulicke and Soffa Industries will report full year sales of $563.40 million for the current financial year, with estimates ranging from $558.70 million to $568.10 million. For the next fiscal year, analysts expect that the business will post sales of $773.10 million, with estimates ranging from $755.00 million to $791.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $118.42 million. During the same quarter in the previous year, the firm posted $0.51 EPS. Kulicke and Soffa Industries’s revenue was down 47.7% compared to the same quarter last year.

A number of equities analysts have issued reports on KLIC shares. BidaskClub upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 21st. Zacks Investment Research lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Kulicke and Soffa Industries presently has an average rating of “Hold” and an average price target of $28.40.

In related news, Director Peter T. M. Kong bought 10,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $19.37 per share, with a total value of $193,700.00. Following the purchase, the director now owns 64,690 shares of the company’s stock, valued at approximately $1,253,045.30. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Kulicke and Soffa Industries by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 26,015 shares of the semiconductor company’s stock valued at $575,000 after purchasing an additional 470 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Kulicke and Soffa Industries by 5.0% during the fourth quarter. EP Wealth Advisors LLC now owns 10,500 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 500 shares in the last quarter. Advisory Services Network LLC boosted its stake in Kulicke and Soffa Industries by 103.1% during the fourth quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 631 shares in the last quarter. Bank of Montreal Can boosted its stake in Kulicke and Soffa Industries by 14.0% during the fourth quarter. Bank of Montreal Can now owns 7,218 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 886 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Kulicke and Soffa Industries by 2.2% during the first quarter. Texas Permanent School Fund now owns 44,909 shares of the semiconductor company’s stock worth $993,000 after acquiring an additional 952 shares in the last quarter. 89.73% of the stock is currently owned by hedge funds and other institutional investors.

KLIC stock opened at $21.81 on Wednesday. The company has a 50-day moving average price of $20.72. Kulicke and Soffa Industries has a 12-month low of $17.40 and a 12-month high of $28.69. The stock has a market capitalization of $1.46 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 3.17 and a beta of 1.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.19 and a quick ratio of 6.35.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, June 27th. Kulicke and Soffa Industries’s payout ratio is 19.75%.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

See Also: Cost of Equity

Get a free copy of the Zacks research report on Kulicke and Soffa Industries (KLIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.