Eltek (ELTK) to Release Quarterly Earnings on Tuesday

Eltek (NASDAQ:ELTK) is scheduled to announce its earnings results before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.

Eltek (NASDAQ:ELTK) last announced its earnings results on Thursday, August 15th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.14). The business had revenue of $10.47 million for the quarter, compared to the consensus estimate of $11.90 million. Eltek had a net margin of 12.85% and a return on equity of 18.75%. During the same quarter in the prior year, the company earned $0.22 EPS. On average, analysts expect Eltek to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Eltek Stock Performance

Shares of Eltek stock traded down $0.10 during midday trading on Wednesday, reaching $10.90. 518 shares of the company’s stock traded hands, compared to its average volume of 62,765. The company has a market cap of $66.16 million, a PE ratio of 11.35 and a beta of 0.45. The stock has a 50 day moving average of $10.69 and a 200-day moving average of $10.54. Eltek has a 12 month low of $9.00 and a 12 month high of $22.80.

Eltek Company Profile

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards.