Analysts forecast that STMicroelectronics N.V. (NYSE:STM) will report earnings per share (EPS) of $0.28 for the current quarter, Zacks reports. Zero analysts have issued estimates for STMicroelectronics N.V.’s earnings, with estimates ranging from $0.24 to $0.30. STMicroelectronics N.V. reported earnings per share of $0.16 in the same quarter last year, which would suggest a positive year-over-year growth rate of 75%. The company is scheduled to issue its next earnings results on Thursday, January 25th.

On average, analysts expect that STMicroelectronics N.V. will report full year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.77 to $0.85. For the next financial year, analysts forecast that the company will report earnings of $1.10 per share, with EPS estimates ranging from $1.04 to $1.18. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover STMicroelectronics N.V..

STMicroelectronics N.V. (NYSE:STM) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. STMicroelectronics N.V. had a return on equity of 13.75% and a net margin of 7.84%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. STMicroelectronics N.V.’s revenue was up 18.9% compared to the same quarter last year.

STM has been the subject of a number of analyst reports. BidaskClub upgraded shares of STMicroelectronics N.V. from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Craig Hallum boosted their target price on shares of STMicroelectronics N.V. from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, J P Morgan Chase & Co upgraded shares of STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $19.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in STMicroelectronics N.V. by 114.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer’s stock valued at $121,000 after acquiring an additional 4,175 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in STMicroelectronics N.V. by 5.0% in the second quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock valued at $127,000 after acquiring an additional 433 shares in the last quarter. Financial Architects Inc boosted its stake in 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 acquiring an additional 1,181 shares in the last quarter. Cetera Investment Advisers acquired a new position in STMicroelectronics N.V. in the second quarter valued at $156,000. Finally, Atria Investments LLC acquired a new position in STMicroelectronics N.V. in the second quarter valued at $160,000. Institutional investors own 5.30% of the company’s stock.

STMicroelectronics N.V. (NYSE STM) opened at 23.29 on Friday. The company has a market cap of $20.68 billion, a PE ratio of 47.63 and a beta of 0.70. STMicroelectronics N.V. has a 52 week low of $8.60 and a 52 week high of $23.37. The company has a 50-day moving average price of $19.56 and a 200 day moving average price of $17.02.

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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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Earnings History and Estimates for STMicroelectronics N.V. (NYSE:STM)

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