ASML Holding N.V. (ASML) Expected to Post Quarterly Sales of $2.52 Billion
Analysts expect that ASML Holding N.V. (NASDAQ:ASML) will post $2.52 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for ASML Holding N.V.’s earnings, with the highest sales estimate coming in at $2.58 billion and the lowest estimate coming in at $2.46 billion. ASML Holding N.V. reported sales of $2.02 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 18th.
On average, analysts expect that ASML Holding N.V. will report full-year sales of $2.52 billion for the current financial year, with estimates ranging from $9.39 billion to $9.82 billion. For the next fiscal year, analysts expect that the company will post sales of $11.25 billion per share, with estimates ranging from $10.91 billion to $11.67 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow ASML Holding N.V..
ASML Holding N.V. (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.99 billion. ASML Holding N.V. had a net margin of 23.69% and a return on equity of 18.48%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share.
Several equities analysts recently weighed in on ASML shares. Bank of America Corporation reiterated a “buy” rating and issued a $165.00 price target (up previously from $140.00) on shares of ASML Holding N.V. in a report on Sunday, June 25th. Zacks Investment Research raised shares of ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Wednesday, June 21st. Citigroup Inc. raised shares of ASML Holding N.V. from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 14th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML Holding N.V. in a research note on Wednesday, June 7th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of ASML Holding N.V. in a research note on Wednesday, May 31st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $158.00.
Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of ASML Holding N.V. by 8.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 86 shares during the last quarter. FNY Managed Accounts LLC bought a new position in shares of ASML Holding N.V. during the first quarter valued at about $199,000. Assetmark Inc. boosted its position in shares of ASML Holding N.V. by 0.3% in the first quarter. Assetmark Inc. now owns 1,634 shares of the semiconductor company’s stock valued at $217,000 after buying an additional 5 shares during the last quarter. Sit Investment Associates Inc. boosted its position in shares of ASML Holding N.V. by 53.4% in the second quarter. Sit Investment Associates Inc. now owns 1,726 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 601 shares during the last quarter. Finally, Atria Investments LLC bought a new position in shares of ASML Holding N.V. during the first quarter valued at about $226,000. Institutional investors and hedge funds own 16.78% of the company’s stock.
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ASML Holding N.V. (NASDAQ:ASML) opened at 154.42 on Tuesday. ASML Holding N.V. has a 12-month low of $98.71 and a 12-month high of $155.73. The stock has a market capitalization of $66.48 billion, a P/E ratio of 30.18 and a beta of 1.09.
ASML Holding N.V. declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 19th that authorizes the company to repurchase shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
ASML Holding N.V. Company Profile
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 semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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