Zacks: Analysts Expect STMicroelectronics N.V. (STM) Will Post Earnings of $0.18 Per Share
Analysts expect that STMicroelectronics N.V. (NYSE:STM) will announce $0.18 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for STMicroelectronics N.V.’s earnings. STMicroelectronics N.V. posted earnings per share of $0.04 in the same quarter last year, which would indicate a positive year over year growth rate of 350%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, July 26th.
According to Zacks, analysts expect that STMicroelectronics N.V. will report full-year earnings of $0.80 per share for the current year, with EPS estimates ranging from $0.73 to $0.84. For the next financial year, analysts expect that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.82 to $1.18. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow STMicroelectronics N.V..
STMicroelectronics N.V. (NYSE:STM) last released its earnings results on Wednesday, July 26th. The semiconductor producer reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. STMicroelectronics N.V. had a net margin of 4.37% and a return on equity of 8.14%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year.
A number of equities analysts have issued reports on STM shares. Zacks Investment Research lowered STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Stifel Nicolaus raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating and cut their target price for the company from $14.84 to $14.50 in a research report on Tuesday, June 27th. BidaskClub raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Robert W. Baird upped their target price on STMicroelectronics N.V. from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Finally, J P Morgan Chase & Co upgraded STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. STMicroelectronics N.V. has an average rating of “Hold” and a consensus target price of $16.88.
A number of hedge funds and other institutional investors have recently bought and sold shares of STM. HL Financial Services LLC raised its position in STMicroelectronics N.V. by 0.5% in the first quarter. HL Financial Services LLC now owns 26,281 shares of the semiconductor producer’s stock valued at $406,000 after buying an additional 129 shares during the last quarter. Bank of Montreal Can raised its position in shares of STMicroelectronics N.V. by 1.3% in the first quarter. Bank of Montreal Can now owns 29,608 shares of the semiconductor producer’s stock valued at $458,000 after buying an additional 376 shares during the last quarter. Comerica Bank raised its position in shares of STMicroelectronics N.V. by 1.4% in the first quarter. Comerica Bank now owns 52,343 shares of the semiconductor producer’s stock valued at $814,000 after buying an additional 729 shares during the last quarter. World Asset Management Inc raised its position in shares of STMicroelectronics N.V. by 1.4% in the first quarter. World Asset Management Inc now owns 56,729 shares of the semiconductor producer’s stock valued at $877,000 after buying an additional 809 shares during the last quarter. Finally, Financial Architects Inc raised its position in shares of STMicroelectronics N.V. by 14.8% in the second quarter. Financial Architects Inc now owns 9,141 shares of the semiconductor producer’s stock valued at $132,000 after buying an additional 1,181 shares during the last quarter. 4.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of STMicroelectronics N.V. (NYSE:STM) opened at 17.05 on Thursday. The stock has a market capitalization of $15.06 billion, a price-to-earnings ratio of 47.89 and a beta of 0.63. STMicroelectronics N.V. has a 1-year low of $6.97 and a 1-year high of $17.34. The company’s 50 day moving average is $15.59 and its 200-day moving average is $15.10.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Tuesday, June 27th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, June 23rd. STMicroelectronics N.V.’s payout ratio is 55.56%.
STMicroelectronics N.V. Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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