Amkor Technology (AMKR) Releases Q1 Earnings Guidance

Amkor Technology (NASDAQ:AMKR) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($0.02)-$0.11 for the period, compared to the Thomson Reuters consensus estimate of $0.11. The company issued revenue guidance of approx $1.02 billion, compared to the consensus revenue estimate of $1.02 billion.

Amkor Technology (AMKR) traded up $0.23 during mid-day trading on Monday, hitting $9.50. 2,459,936 shares of the stock traded hands, compared to its average volume of 983,367. The stock has a market cap of $2,218.12, a price-to-earnings ratio of 8.50 and a beta of 2.52. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79. Amkor Technology has a 1 year low of $8.32 and a 1 year high of $12.48.

Several analysts have recently commented on AMKR shares. ValuEngine lowered shares of Amkor Technology from a buy rating to a hold rating in a research report on Friday, December 1st. BidaskClub lowered shares of Amkor Technology from a hold rating to a sell rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research lowered shares of Amkor Technology from a hold rating to a sell rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Amkor Technology currently has an average rating of Hold and an average target price of $10.50.

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Amkor Technology Company Profile

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

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