$4.45 EPS Expected for KLA Co. (NASDAQ:KLAC) This Quarter

Brokerages predict that KLA Co. (NASDAQ:KLAC) will report earnings per share (EPS) of $4.45 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for KLA’s earnings. The lowest EPS estimate is $4.44 and the highest is $4.45. KLA posted earnings of $3.03 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 46.9%. The company is expected to issue its next quarterly earnings results on Wednesday, October 27th.

On average, analysts expect that KLA will report full-year earnings of $19.30 per share for the current year, with EPS estimates ranging from $18.74 to $19.74. For the next year, analysts anticipate that the business will report earnings of $20.23 per share, with EPS estimates ranging from $18.64 to $21.47. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow KLA.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, July 28th. The semiconductor company reported $4.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.99 by $0.44. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.87 billion. KLA had a net margin of 30.04% and a return on equity of 74.13%.

KLAC has been the topic of a number of recent analyst reports. Susquehanna Bancshares upgraded KLA from a “neutral” rating to a “positive” rating and increased their target price for the stock from $380.00 to $475.00 in a research note on Tuesday. Morgan Stanley lifted their price target on KLA from $364.00 to $389.00 and gave the company an “equal weight” rating in a research report on Friday, July 30th. KeyCorp reaffirmed a “buy” rating and issued a $369.00 price target on shares of KLA in a research note on Thursday, June 10th. Stifel Nicolaus lifted their price target on KLA from $380.00 to $403.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Finally, Citigroup boosted their price objective on KLA from $380.00 to $398.00 and gave the stock a “buy” rating in a research note on Monday, August 2nd. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $364.61.

Shares of NASDAQ KLAC traded up $4.54 during midday trading on Friday, reaching $360.93. 10,645 shares of the stock traded hands, compared to its average volume of 1,186,122. The company’s 50 day moving average is $329.26 and its 200 day moving average is $320.40. KLA has a one year low of $174.70 and a one year high of $364.79. The stock has a market capitalization of $55.13 billion, a PE ratio of 26.62, a P/E/G ratio of 1.30 and a beta of 1.21. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.71 and a quick ratio of 1.96.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Monday, August 16th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, August 13th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from KLA’s previous quarterly dividend of $0.90. KLA’s dividend payout ratio is currently 28.87%.

KLA announced that its Board of Directors has authorized a stock buyback program on Thursday, July 29th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 4.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

In other KLA news, CAO Virendra A. Kirloskar sold 420 shares of KLA stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $348.16, for a total value of $146,227.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Oreste Donzella sold 136 shares of the business’s stock in a transaction that occurred on Thursday, July 1st. The shares were sold at an average price of $324.15, for a total transaction of $44,084.40. Following the completion of the transaction, the executive vice president now owns 5,421 shares of the company’s stock, valued at $1,757,217.15. The disclosure for this sale can be found here. Insiders have sold 13,805 shares of company stock worth $4,736,222 over the last ninety days. Insiders own 0.16% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. New Mexico Educational Retirement Board raised its holdings in shares of KLA by 5.1% in the second quarter. New Mexico Educational Retirement Board now owns 10,280 shares of the semiconductor company’s stock valued at $3,333,000 after purchasing an additional 500 shares during the last quarter. Green Harvest Asset Management LLC bought a new position in KLA during the first quarter valued at about $306,000. Sei Investments Co. grew its position in KLA by 26.0% during the first quarter. Sei Investments Co. now owns 49,737 shares of the semiconductor company’s stock valued at $16,230,000 after buying an additional 10,278 shares during the period. Price T Rowe Associates Inc. MD grew its position in KLA by 11.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,041,578 shares of the semiconductor company’s stock valued at $1,335,337,000 after buying an additional 425,090 shares during the period. Finally, Sfmg LLC bought a new position in KLA during the second quarter worth about $345,000. 85.70% of the stock is currently owned by institutional investors and hedge funds.

About KLA

KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. Its products include manufactured chips, reticle, packaging, surface profilers, nanochemical testers, KT pro equipment, and compound semiconductors. The company was founded in April 1997 and is headquartered in Milpitas, CA.

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