KLA (KLAC) to Release Quarterly Earnings on Thursday

KLA (NASDAQ:KLAC) is projected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $7.73 per share and revenue of $2.95 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. KLA’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.74 EPS. On average, analysts expect KLA to post $30 EPS for the current fiscal year and $31 EPS for the next fiscal year.

KLA Stock Up 0.0 %

Shares of KLAC opened at $702.92 on Wednesday. The firm has a market cap of $94.02 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The company’s 50-day moving average price is $668.09 and its 200 day moving average price is $719.63. KLA has a 12-month low of $581.70 and a 12-month high of $896.32.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a $1.70 dividend. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.97%. The ex-dividend date was Monday, November 18th. KLA’s payout ratio is currently 31.05%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KLAC shares. The Goldman Sachs Group dropped their target price on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a research report on Monday, January 13th. Barclays dropped their target price on KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. TD Cowen dropped their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price objective on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $812.47.

KLA Company Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.