Brokerages Expect STMicroelectronics NV (STM) Will Announce Earnings of $0.35 Per Share

Wall Street brokerages expect STMicroelectronics NV (NYSE:STM) to post earnings per share (EPS) of $0.35 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for STMicroelectronics’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.37. STMicroelectronics posted earnings per share of $0.16 in the same quarter last year, which indicates a positive year over year growth rate of 118.8%. The business is expected to report its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that STMicroelectronics will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.88 to $0.94. For the next financial year, analysts expect that the company will report earnings of $1.27 per share, with EPS estimates ranging from $1.17 to $1.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover STMicroelectronics.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year.

Several research analysts have recently commented on STM shares. Craig Hallum lifted their price target on STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. ValuEngine downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.88.

STMicroelectronics (NYSE STM) opened at $23.41 on Friday. STMicroelectronics has a fifty-two week low of $10.67 and a fifty-two week high of $24.80. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $21,100.00, a price-to-earnings ratio of 35.47, a PEG ratio of 3.63 and a beta of 0.79.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Tuesday, December 19th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, December 18th. STMicroelectronics’s payout ratio is 30.30%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in STMicroelectronics by 5.0% in the 2nd 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. CIBC World Markets Inc. grew its position in STMicroelectronics by 8.1% in the 2nd quarter. CIBC World Markets Inc. now owns 13,636 shares of the semiconductor producer’s stock valued at $196,000 after acquiring an additional 1,027 shares in the last quarter. PNC Financial Services Group Inc. grew its position in STMicroelectronics by 22.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock valued at $138,000 after acquiring an additional 1,765 shares in the last quarter. Eagle Asset Management Inc. grew its position in STMicroelectronics by 11.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 20,817 shares of the semiconductor producer’s stock valued at $299,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in STMicroelectronics by 2.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,934 shares of the semiconductor producer’s stock valued at $1,727,000 after acquiring an additional 2,392 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

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STMicroelectronics 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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