STMicroelectronics (STM) Set to Announce Earnings on Thursday
STMicroelectronics (NYSE:STM) is scheduled to post its quarterly earnings results before the market opens on Thursday, January 24th. Analysts expect STMicroelectronics to post earnings of $0.44 per share for the quarter. STMicroelectronics has set its Q4 2018 guidance at EPS and its FY 2018 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
STMicroelectronics (NYSE:STM) last released its earnings results on Wednesday, October 24th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.50 billion. STMicroelectronics had a return on equity of 21.97% and a net margin of 12.41%. STMicroelectronics’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, analysts expect STMicroelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
STM opened at $14.55 on Tuesday. The firm has a market cap of $13.05 billion, a PE ratio of 14.85, a P/E/G ratio of 2.17 and a beta of 1.03. STMicroelectronics has a 52-week low of $12.00 and a 52-week high of $26.43. The company has a current ratio of 2.54, a quick ratio of 1.81 and a debt-to-equity ratio of 0.27.
Several analysts have recently issued reports on the company. Baader Bank reissued a “hold” rating on shares of STMicroelectronics in a report on Wednesday, October 24th. Credit Suisse Group reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Friday. UBS Group reaffirmed a “hold” rating on shares of STMicroelectronics in a research note on Friday. ValuEngine raised STMicroelectronics from a “strong sell” rating to a “sell” rating in a research note on Monday, September 24th. Finally, Deutsche Bank raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.15.
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STMicroelectronics Company Profile
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
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