For its first fiscal quarter (ending March 31), Camtek Ltd (NASDAQ: CAMT) has reported a 41% increase in E.P.S. from $0.39 a year ago to $0.55 in the current quarter. However, this performance was $-0.11 short of the consensus estimate of $0.66. For the latest four quarters through March 31, E.P.S. were $1.92 compared to $1.79 a year ago — an increase of 7%.
Recent Price Action
Camtek Ltd (NASDAQ: CAMT) stock closed at $91.62 on 5/9/24 after a very large increase of 8.6%. Moreover, exceptionally high trading volume at 323% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CAMT is expected to continue to be an important Value Builder.
Camtek has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Camtek has a poor Appreciation Score of 28 but a very high Power Rating of 98, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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