Cohu (COHU) Set to Announce Earnings on Thursday

Cohu (NASDAQ:COHU) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Cohu to post earnings of ($0.01) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The company had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $136.94 million. During the same period in the prior year, the business posted $0.63 EPS. The business’s revenue was down 28.2% on a year-over-year basis. On average, analysts expect Cohu to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cohu Stock Performance

Shares of COHU opened at $30.36 on Thursday. The business’s fifty day moving average price is $31.68 and its 200 day moving average price is $32.66. Cohu has a 12-month low of $28.57 and a 12-month high of $43.99. The stock has a market capitalization of $1.43 billion, a PE ratio of 51.46 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67.

Analysts Set New Price Targets

Several brokerages recently issued reports on COHU. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Cohu in a research note on Friday, February 16th. TD Cowen raised their price objective on Cohu from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.