$0.04 EPS Expected for Himax Technologies, Inc. (HIMX) This Quarter
Brokerages expect Himax Technologies, Inc. (NASDAQ:HIMX) to post earnings of $0.04 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Himax Technologies’ earnings. Himax Technologies reported earnings per share of $0.12 in the same quarter last year, which indicates a negative year over year growth rate of 66.7%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, November 9th.
On average, analysts expect that Himax Technologies will report full year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.19. For the next fiscal year, analysts forecast that the business will post earnings of $0.40 per share, with EPS estimates ranging from $0.14 to $0.65. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Himax Technologies.
Several equities research analysts recently issued reports on the stock. Instinet reaffirmed a “buy” rating and set a $12.00 price target (up from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Roth Capital boosted their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Vetr downgraded shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.04 price target on the stock. in a research report on Monday, October 2nd. Finally, Robert W. Baird upgraded shares of Himax Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $6.00 to $10.00 in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $10.03.
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About Himax Technologies
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
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