Camtek Ltd (NASDAQ: CAMT) has reported E.P.S. of $0.49 for its third fiscal quarter (ending September 30) versus $0.47 for the same period a year ago — an increase of 4%. This performance was $0.01 better than the consensus estimate of $0.48. E.P.S. were $1.79 for the latest four quarters through September 30 versus $1.59 for the same period a year ago — an increase of 13%.
Recent Price Action
Camtek Ltd (NASDAQ: CAMT) stock rose modestly by 0.8% on 11/14/23. The stock closed at $65.73. The stock has been exceptionally strong relative to the market over the last nine months and has risen 18.8% during the last week.
Current PriceTarget Research Rating
CAMT is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Camtek has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Camtek has a poor Appreciation Score of 26 but a very high Power Rating of 100, resulting in the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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