Equities research analysts expect Himax Technologies, Inc. (NASDAQ:HIMX) to post sales of $187.41 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Himax Technologies’ earnings, with the lowest sales estimate coming in at $183.35 million and the highest estimate coming in at $192.50 million. Himax Technologies posted sales of $203.44 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The business is scheduled to issue its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Himax Technologies will report full-year sales of $187.41 million for the current financial year, with estimates ranging from $687.43 million to $700.80 million. For the next fiscal year, analysts forecast that the business will post sales of $859.83 million per share, with estimates ranging from $768.20 million to $936.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Himax Technologies.
A number of equities analysts recently commented on HIMX shares. Mizuho downgraded Himax Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 11th. Roth Capital reiterated a “buy” rating and set a $10.00 price objective on shares of Himax Technologies in a research report on Tuesday, September 5th. Robert W. Baird reiterated a “buy” rating on shares of Himax Technologies in a research report on Sunday, October 22nd. Morgan Stanley downgraded Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a research report on Monday, November 27th. Finally, Vetr upgraded Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective on the stock in a research report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Himax Technologies presently has a consensus rating of “Hold” and an average price target of $10.24.
Shares of Himax Technologies (NASDAQ HIMX) opened at $10.86 on Tuesday. The company has a market capitalization of $1,807.09, a PE ratio of 175.00, a P/E/G ratio of 2.52 and a beta of 0.85. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $13.95.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/12/zacks-analysts-anticipate-himax-technologies-inc-himx-will-announce-quarterly-sales-of-187-41-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Himax Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.