STMicroelectronics (STM) to Release Quarterly Earnings on Thursday

STMicroelectronics (NYSE:STM) will issue its quarterly earnings data before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.10 billion. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 EPS. On average, analysts expect STMicroelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of STMicroelectronics (NYSE:STM) opened at $24.34 on Thursday. The firm has a market cap of $22,420.00, a price-to-earnings ratio of 36.88, a P/E/G ratio of 3.83 and a beta of 0.79. STMicroelectronics has a fifty-two week low of $11.38 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 also recently declared 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Monday, December 18th. STMicroelectronics’s payout ratio is 30.30%.

A number of equities research analysts recently weighed in on the stock. Societe Generale assumed coverage on shares of STMicroelectronics in a report on Wednesday. They set a “buy” rating for the company. Zacks Investment Research raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Tuesday, October 31st. Credit Suisse Group raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. ValuEngine lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Craig Hallum raised their price target on shares of STMicroelectronics from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.88.

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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.

Earnings History for STMicroelectronics (NYSE:STM)

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