ASML Holding NV (ASML) to Release Quarterly Earnings on Wednesday
ASML Holding NV (NASDAQ:ASML) is scheduled to post its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect ASML Holding NV to post earnings of $1.05 per share and revenue of $1.89 billion for the quarter.
ASML Holding NV (NASDAQ:ASML) last posted its earnings results on Wednesday, July 20th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.71 billion. ASML Holding NV had a net margin of 19.26% and a return on equity of 14.09%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. On average, analysts expect ASML Holding NV to post $3.64 EPS for the current fiscal year and $4.83 EPS for the next fiscal year.
ASML Holding NV (NASDAQ:ASML) traded up 0.766% during midday trading on Tuesday, reaching $101.935. 337,381 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $105.85 and its 200 day moving average price is $101.87. ASML Holding NV has a 1-year low of $77.17 and a 1-year high of $111.58. The firm has a market cap of $43.21 billion, a price-to-earnings ratio of 29.521 and a beta of 1.35.
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A number of equities research analysts have weighed in on ASML shares. Zacks Investment Research raised shares of ASML Holding NV from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Tuesday, October 4th. Berenberg Bank reissued a “buy” rating on shares of ASML Holding NV in a report on Tuesday, July 5th. B. Riley reissued a “neutral” rating and set a $113.00 target price on shares of ASML Holding NV in a report on Thursday, July 21st. Morgan Stanley reissued a “buy” rating on shares of ASML Holding NV in a report on Monday, October 10th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of ASML Holding NV in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $96.10.
A number of institutional investors have recently bought and sold shares of the stock. Wetherby Asset Management Inc. raised its position in ASML Holding NV by 14.8% in the second quarter. Wetherby Asset Management Inc. now owns 2,675 shares of the company’s stock valued at $265,000 after buying an additional 345 shares during the last quarter. Advisor Group Inc. bought a new position in ASML Holding NV during the second quarter valued at $312,000. Mariner Wealth Advisors LLC bought a new position in ASML Holding NV during the second quarter valued at $415,000. BlackRock Institutional Trust Company N.A. raised its position in ASML Holding NV by 367.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,958 shares of the company’s stock valued at $690,000 after buying an additional 5,470 shares during the last quarter. Finally, Sei Investments Co. raised its position in ASML Holding NV by 252.9% in the second quarter. Sei Investments Co. now owns 7,306 shares of the company’s stock valued at $725,000 after buying an additional 5,236 shares during the last quarter. Institutional investors own 15.06% of the company’s stock.
About ASML Holding NV
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of advanced semiconductor equipment systems, exclusively consisting of lithography systems. The Company’s products include systems and system related products.
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