AU Optronics Corp (AUO) to Release Quarterly Earnings on Thursday
AU Optronics Corp (NYSE:AUO) will announce its earnings results before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
AU Optronics Corp (NYSE:AUO) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). AU Optronics Corp had a net margin of 9.48% and a return on equity of 17.46%. The company had revenue of $84.41 billion during the quarter, compared to analyst estimates of $87.09 billion. During the same period in the previous year, the company earned ($0.06) EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect AU Optronics Corp to post $1.05 EPS for the current fiscal year and $0.13 EPS for the next fiscal year.
AU Optronics Corp (AUO) traded up 1.50% on Tuesday, reaching $4.07. 365,733 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $4.10 and a 200-day moving average price of $4.04. The company has a market capitalization of $3.92 billion, a PE ratio of 3.42 and a beta of 0.46. AU Optronics Corp has a 1-year low of $3.44 and a 1-year high of $4.95.
WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/10/24/au-optronics-corp-auo-to-release-quarterly-earnings-on-thursday.html.
AUO has been the subject of several recent analyst reports. BidaskClub upgraded AU Optronics Corp from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. UBS AG cut AU Optronics Corp from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. Credit Suisse Group restated a “neutral” rating on shares of AU Optronics Corp in a report on Wednesday, July 12th. Bank of America Corporation cut AU Optronics Corp from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research cut AU Optronics Corp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. AU Optronics Corp has an average rating of “Hold”.
About AU Optronics Corp
AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.
Receive News & Ratings for AU Optronics Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics Corp and related companies with MarketBeat.com's FREE daily email newsletter.