ASML Holding N.V. (ASML) Scheduled to Post Quarterly Earnings on Wednesday
ASML Holding N.V. (NASDAQ:ASML) will be announcing its earnings results before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $1.25 per share for the quarter.
ASML Holding N.V. (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. ASML Holding N.V. had a return on equity of 18.48% and a net margin of 23.69%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm earned $0.83 EPS. ASML Holding N.V.’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts expect ASML Holding N.V. to post $5 EPS for the current fiscal year and $6.45 EPS for the next fiscal year.
ASML Holding N.V. (NASDAQ ASML) opened at 171.18 on Wednesday. The firm has a market capitalization of $73.70 billion, a price-to-earnings ratio of 32.38 and a beta of 1.13. ASML Holding N.V. has a 12 month low of $98.71 and a 12 month high of $171.76. The company has a 50 day moving average price of $162.58 and a 200 day moving average price of $143.83.
ASML Holding N.V. announced that its Board of Directors has authorized a share buyback program on Wednesday, July 19th that allows the company to repurchase shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
A number of brokerages have commented on ASML. Bank of America Corporation reissued a “buy” rating and issued a $165.00 price objective (up previously from $140.00) on shares of ASML Holding N.V. in a research note on Sunday, June 25th. Citigroup Inc. raised ASML Holding N.V. from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a research note on Tuesday, October 3rd. J P Morgan Chase & Co reissued a “buy” rating on shares of ASML Holding N.V. in a research note on Tuesday, October 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $184.00 price objective (up previously from $172.50) on shares of ASML Holding N.V. in a research note on Thursday, September 21st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $182.00.
About ASML Holding N.V.
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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