Zacks: Analysts Expect Xcerra Corporation (XCRA) Will Post Quarterly Sales of $105.53 Million

Wall Street analysts predict that Xcerra Corporation (NASDAQ:XCRA) will post $105.53 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Xcerra Corporation’s earnings, with estimates ranging from $101.20 million to $108.70 million. Xcerra Corporation posted sales of $91.23 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, September 7th.

On average, analysts expect that Xcerra Corporation will report full-year sales of $105.53 million for the current year, with estimates ranging from $358.80 million to $372.50 million. For the next fiscal year, analysts expect that the business will report sales of $399.83 million per share, with estimates ranging from $383.90 million to $419.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Xcerra Corporation.

Xcerra Corporation (NASDAQ:XCRA) last issued its quarterly earnings data on Thursday, June 1st. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. Xcerra Corporation had a net margin of 4.86% and a return on equity of 6.63%. The company had revenue of $103.64 million for the quarter, compared to analysts’ expectations of $97.10 million.

Several equities analysts recently commented on the stock. B. Riley reaffirmed a “neutral” rating and issued a $10.25 price objective on shares of Xcerra Corporation in a research report on Wednesday, June 7th. Stifel Nicolaus lowered shares of Xcerra Corporation from a “buy” rating to a “hold” rating and increased their price objective for the company from $10.00 to $10.25 in a research report on Monday, May 15th. Zacks Investment Research lowered shares of Xcerra Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Craig Hallum lowered shares of Xcerra Corporation from a “buy” rating to a “hold” rating and set a $10.25 price objective for the company. in a research report on Tuesday, April 11th. Finally, DA Davidson lowered shares of Xcerra Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $12.00 to $10.25 in a research report on Monday, April 10th. Six analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $10.20.

Shares of Xcerra Corporation (NASDAQ XCRA) remained flat at $9.76 during mid-day trading on Wednesday. The company’s stock had a trading volume of 166,450 shares. Xcerra Corporation has a one year low of $5.14 and a one year high of $10.01. The stock has a market cap of $529.65 million, a PE ratio of 30.50 and a beta of 1.59. The stock has a 50-day moving average of $9.79 and a 200 day moving average of $8.84.

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Xcerra Corporation by 11.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,976,067 shares of the semiconductor company’s stock worth $26,457,000 after buying an additional 306,386 shares in the last quarter. Vanguard Group Inc. raised its position in Xcerra Corporation by 8.2% in the first quarter. Vanguard Group Inc. now owns 2,485,620 shares of the semiconductor company’s stock worth $22,097,000 after buying an additional 189,128 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in Xcerra Corporation by 9.2% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,491,100 shares of the semiconductor company’s stock worth $13,256,000 after buying an additional 125,300 shares in the last quarter. State Street Corp raised its position in Xcerra Corporation by 5.3% in the fourth quarter. State Street Corp now owns 1,228,491 shares of the semiconductor company’s stock worth $9,387,000 after buying an additional 62,149 shares in the last quarter. Finally, Divisar Capital Management LLC raised its position in Xcerra Corporation by 1.1% in the first quarter. Divisar Capital Management LLC now owns 1,210,259 shares of the semiconductor company’s stock worth $10,759,000 after buying an additional 12,583 shares in the last quarter. 84.10% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Zacks: Analysts Expect Xcerra Corporation (XCRA) Will Post Quarterly Sales of $105.53 Million” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/30/zacks-analysts-expect-xcerra-corporation-xcra-will-post-quarterly-sales-of-105-53-million-updated-updated-updated.html.

About Xcerra Corporation

Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures.

Get a free copy of the Zacks research report on Xcerra Corporation (XCRA)

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

Earnings History and Estimates for Xcerra Corporation (NASDAQ:XCRA)

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

Latest News

Leave a Reply