Wall Street analysts expect that STMicroelectronics NV (NYSE:STM) will post sales of $2.36 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for STMicroelectronics’ earnings, with the highest sales estimate coming in at $2.38 billion and the lowest estimate coming in at $2.35 billion. STMicroelectronics posted sales of $1.86 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.9%. The company is expected to issue its next earnings report on Thursday, January 25th.

According to Zacks, analysts expect that STMicroelectronics will report full-year sales of $2.36 billion for the current fiscal year, with estimates ranging from $8.23 billion to $8.26 billion. For the next year, analysts anticipate that the business will post sales of $9.08 billion per share, with estimates ranging from $8.58 billion to $9.56 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow STMicroelectronics.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.10 billion. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS.

Several equities research analysts have recently weighed in on the company. ValuEngine lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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 note on Tuesday, October 31st. Finally, Craig Hallum raised their price objective on STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. STMicroelectronics has a consensus rating of “Buy” and an average price target of $21.88.

STMicroelectronics (STM) traded down $0.07 on Friday, hitting $23.34. The stock had a trading volume of 2,300,000 shares, compared to its average volume of 3,220,000. The company has a market cap of $21,360.00, a price-to-earnings ratio of 35.36, a PEG ratio of 3.69 and a beta of 0.79. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. STMicroelectronics has a 1-year low of $10.67 and a 1-year high of $24.80.

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

Several large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its holdings in shares of STMicroelectronics by 5.0% during the second quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after acquiring an additional 433 shares in the last quarter. CIBC World Markets Inc. increased its position in STMicroelectronics by 8.1% during the second quarter. CIBC World Markets Inc. now owns 13,636 shares of the semiconductor producer’s stock worth $196,000 after buying an additional 1,027 shares during the last quarter. PNC Financial Services Group Inc. increased its position in STMicroelectronics by 22.6% during the second quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock worth $138,000 after buying an additional 1,765 shares during the last quarter. Eagle Asset Management Inc. increased its position in STMicroelectronics by 11.6% during the second quarter. Eagle Asset Management Inc. now owns 20,817 shares of the semiconductor producer’s stock worth $299,000 after buying an additional 2,172 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in STMicroelectronics by 2.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,934 shares of the semiconductor producer’s stock worth $1,727,000 after buying an additional 2,392 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

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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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