Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) will announce its earnings results before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.08). The firm had revenue of $213.86 billion for the quarter, compared to analyst estimates of $214.25 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.61% and a net margin of 36.11%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 earnings per share. On average, analysts expect Taiwan Semiconductor Manufacturing to post $2.15 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) opened at 40.35 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $28.34 and a 1-year high of $40.39. The firm has a market capitalization of $209.26 billion, a price-to-earnings ratio of 18.05 and a beta of 0.74. The stock’s 50 day moving average is $37.67 and its 200 day moving average is $35.64.

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A number of analysts recently issued reports on the stock. J P Morgan Chase & Co upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Earnings History for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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