Equities research analysts expect Cohu, Inc. (NASDAQ:COHU) to report $0.42 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Cohu’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.32. Cohu reported earnings per share of $0.48 during the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Cohu will report full year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.67 to $1.75. For the next year, analysts expect that the company will post earnings of $2.03 per share, with EPS estimates ranging from $2.00 to $2.06. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Cohu.
Get Cohu alerts:
Cohu (NASDAQ:COHU) last announced its earnings results on Tuesday, May 8th. The semiconductor company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. Cohu had a return on equity of 14.10% and a net margin of 9.33%. The company had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $93.07 million. During the same period last year, the firm earned $0.24 EPS. Cohu’s revenue for the quarter was up 17.4% compared to the same quarter last year.
A number of equities analysts recently commented on the company. BidaskClub raised Cohu from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 12th. Dougherty & Co reaffirmed a “buy” rating on shares of Cohu in a report on Wednesday, February 21st. Stifel Nicolaus raised Cohu from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research raised Cohu from a “sell” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, April 18th. Finally, ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Cohu presently has a consensus rating of “Buy” and an average target price of $24.80.
In other Cohu news, Director William Bendush sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $23.20, for a total transaction of $69,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.88% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of COHU. BlackRock Inc. increased its holdings in shares of Cohu by 7.9% in the first quarter. BlackRock Inc. now owns 3,993,647 shares of the semiconductor company’s stock worth $91,096,000 after purchasing an additional 293,537 shares during the last quarter. Cooke & Bieler LP increased its holdings in shares of Cohu by 11.4% in the first quarter. Cooke & Bieler LP now owns 1,077,278 shares of the semiconductor company’s stock worth $24,573,000 after purchasing an additional 110,498 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Cohu by 2.4% in the fourth quarter. Royce & Associates LP now owns 1,067,533 shares of the semiconductor company’s stock worth $23,432,000 after purchasing an additional 25,019 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of Cohu by 9.8% in the first quarter. Systematic Financial Management LP now owns 858,128 shares of the semiconductor company’s stock worth $19,574,000 after purchasing an additional 76,478 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Cohu by 10.9% in the first quarter. Northern Trust Corp now owns 444,241 shares of the semiconductor company’s stock worth $10,133,000 after purchasing an additional 43,602 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Cohu stock traded down $0.20 during trading on Friday, reaching $24.24. The company had a trading volume of 376,670 shares, compared to its average volume of 405,018. Cohu has a 52 week low of $15.55 and a 52 week high of $26.17. The stock has a market cap of $703.83 million, a P/E ratio of 18.09, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.00 and a current ratio of 3.81.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%. Cohu’s dividend payout ratio is presently 17.91%.
About Cohu
Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
Get a free copy of the Zacks research report on Cohu (COHU)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Read More First Published on May 31, 2018 04:35 pm
24/7 Wall St.