Equities analysts expect that STMicroelectronics NV (NYSE:STM) will announce earnings per share (EPS) of $0.38 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for STMicroelectronics’ earnings, with estimates ranging from $0.37 to $0.39. STMicroelectronics posted earnings of $0.28 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 35.7%. The firm is expected to report its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that STMicroelectronics will report full year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.44. For the next year, analysts anticipate that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.45 to $1.65. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow STMicroelectronics.
STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor producer reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. STMicroelectronics had a return on equity of 20.69% and a net margin of 11.48%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share.
Several research analysts have commented on the stock. ValuEngine downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Zacks Investment Research raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, June 27th. Craig Hallum decreased their price target on shares of STMicroelectronics from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, July 25th. Finally, Stifel Nicolaus cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $26.15.
STM stock opened at $20.07 on Friday. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.96 and a beta of 0.76. STMicroelectronics has a one year low of $17.57 and a one year high of $26.43. The company has a current ratio of 2.36, a quick ratio of 1.65 and a debt-to-equity ratio of 0.28.
Several institutional investors have recently modified their holdings of STM. Summit Trail Advisors LLC grew its holdings in shares of STMicroelectronics by 2,312.8% in the first quarter. Summit Trail Advisors LLC now owns 109,277 shares of the semiconductor producer’s stock worth $109,000 after purchasing an additional 104,748 shares during the last quarter. Financial Gravity Wealth Inc. bought a new position in shares of STMicroelectronics in the first quarter worth approximately $113,000. Centaurus Financial Inc. bought a new position in shares of STMicroelectronics in the second quarter worth approximately $125,000. SevenBridge Financial Group LLC bought a new stake in STMicroelectronics in the first quarter valued at $139,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in STMicroelectronics in the first quarter valued at $198,000. Hedge funds and other institutional investors own 4.22% of the company’s stock.
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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