ARM Holdings plc Stock Rating Reaffirmed by Citigroup Inc. (ARMH)
ARM Holdings plc (NASDAQ:ARMH) opened at 42.49 on Monday. ARM Holdings plc has a one year low of $38.66 and a one year high of $55.26. The stock’s 50-day moving average is $45.09 and its 200-day moving average is $47.25. The company has a market cap of $19.956 billion and a price-to-earnings ratio of 101.58.
ARM Holdings plc (NASDAQ:ARMH) last released its earnings data on Wednesday, April 23rd. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $186.70 million for the quarter, compared to the consensus estimate of $185.65 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that ARM Holdings plc will post $1.20 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “sell” rating on shares of ARM Holdings plc in a research note on Wednesday, July 16th. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of ARM Holdings plc in a research note on Wednesday, July 16th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of ARM Holdings plc in a research note on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.08.
ARM Holdings plc (NASDAQ:ARMH) designs microprocessors, physical intellectual property (IP) and related technology and software, and sells development tools.
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