ARM Holdings plc (ARMH) to Release Quarterly Earnings on Tuesday
ARM Holdings plc (NASDAQ:ARMH) is scheduled to announce its Q313 earnings results on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.24 per share and revenue of $274.39 million for the quarter.
ARM Holdings plc (NASDAQ:ARMH) last announced its earnings results on Wednesday, July 24th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05. The company had revenue of $171.20 million for the quarter, compared to the consensus estimate of $256.41 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 26.3% on a year-over-year basis. On average, analysts expect ARM Holdings plc to post $1.04 EPS for the current fiscal year and $1.34 EPS for the next fiscal year.
ARM Holdings plc (NASDAQ:ARMH) traded up 4.74% during mid-day trading on Monday, hitting $51.97. The stock had a trading volume of 3,487,531 shares. ARM Holdings plc has a 52-week low of $27.98 and a 52-week high of $50.56. The stock has a 50-day moving average of $46.85 and a 200-day moving average of $43.18. The company has a market cap of $24.212 billion and a P/E ratio of 99.04.
A number of research firms have recently commented on ARMH. Analysts at Espirito Santo Investment Bank Research upgraded shares of ARM Holdings plc from a “neutral” rating to a “buy” rating in a research note to investors on Friday. On the ratings front, analysts at Benchmark Co. raised their price target on shares of ARM Holdings plc from $48.00 to $54.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Natixis downgraded shares of ARM Holdings plc from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. ARM Holdings plc currently has a consensus rating of “Buy” and a consensus price target of $47.76.
ARM Holdings plc (NASDAQ:ARMH) designs microprocessors, physical Internet protocol (IP) and related technology and software, and sells development tools.
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