Himax Technologies (HIMX) Updates Q4 Earnings Guidance

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Himax Technologies (NASDAQ:HIMX) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.02-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.03. The company issued revenue guidance of +0-5% Q/Q to $188.4-198 million, compared to the consensus revenue estimate of $194.95 million.Himax Technologies also updated its Q4 2018 guidance to $0.02-0.04 EPS.

Shares of NASDAQ:HIMX traded down $0.39 during trading on Friday, reaching $4.43. 112,434 shares of the company traded hands, compared to its average volume of 2,078,963. The firm has a market cap of $901.83 million, a PE ratio of 27.50, a price-to-earnings-growth ratio of 31.44 and a beta of -0.27. Himax Technologies has a 52-week low of $4.74 and a 52-week high of $13.95.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, November 8th. The semiconductor company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $188.40 million during the quarter, compared to analyst estimates of $188.20 million. Himax Technologies had a return on equity of 6.12% and a net margin of 3.66%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. As a group, equities research analysts forecast that Himax Technologies will post 0.01 EPS for the current fiscal year.

A number of analysts have recently weighed in on HIMX shares. BidaskClub lowered Himax Technologies from a buy rating to a hold rating in a research note on Friday, July 27th. ValuEngine lowered Himax Technologies from a hold rating to a sell rating in a research note on Tuesday, July 31st. Roth Capital raised Himax Technologies from a neutral rating to a buy rating and set a $7.00 price target for the company in a research note on Monday, October 1st. Credit Suisse Group reaffirmed a neutral rating on shares of Himax Technologies in a research note on Friday. Finally, Zacks Investment Research raised Himax Technologies from a hold rating to a strong-buy rating and set a $7.00 price target for the company in a research note on Thursday, October 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $8.71.

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About Himax Technologies

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.

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