Samsung Electronics (OTCMKTS:SSNLF – Get Free Report) will likely be announcing its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $7.14 per share and revenue of $109.7434 billion for the quarter.
Samsung Electronics Stock Performance
Shares of OTCMKTS SSNLF opened at $140.00 on Thursday. Samsung Electronics has a 1 year low of $65.21 and a 1 year high of $140.00. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 52.24 and a beta of 0.88. The stock’s 50-day simple moving average is $140.00 and its 200-day simple moving average is $101.02.
Analyst Upgrades and Downgrades
Separately, Erste Group Bank lowered Samsung Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.
Key Samsung Electronics News
Here are the key news stories impacting Samsung Electronics this week:
- Positive Sentiment: Samsung unveiled its new Galaxy Z foldable lineup, including the Galaxy Z Fold8 Ultra, Fold8 and Flip8, broadening its premium smartphone offering and potentially boosting mobile revenue. Samsung Introduces All-New Foldable Lineup: Galaxy Z Fold8 Ultra, Fold8 and Flip8
- Positive Sentiment: The company said its robotics push is now a formal growth initiative, with a new Robotics eXperience unit reporting directly to CEO TM Roh, which may improve investor confidence in Samsung’s long-term AI and automation strategy. Samsung Electronics creates robotics division as key part of growth strategy
- Positive Sentiment: Reports that Samsung is in talks to invest in AI startup Mistral suggest the company is continuing to expand its AI footprint, which could be viewed as strategically supportive for future growth. Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports
- Neutral Sentiment: Samsung also introduced an AI-powered health assistant and other connected-device updates, reinforcing its ecosystem strategy but with less immediate financial impact than the foldable launch. Samsung Unveils Global Robotics Push With New RX Business Office
- Negative Sentiment: Samsung raised prices on two updated foldable models as memory chip costs rise, highlighting margin pressure in its handset business and potentially weighing on investor sentiment. Samsung unveils wider foldable phone, hikes prices as chip costs rise
Samsung Electronics Company Profile
Samsung Electronics Co, Ltd. is a South Korean multinational technology company headquartered in Suwon, South Korea. As a core subsidiary of the Samsung Group, the company designs, develops and manufactures a broad range of consumer electronics, mobile communications devices and semiconductor products. Its diversified portfolio spans televisions and home appliances, smartphones and network equipment, as well as memory and system LSI chips used across data centers and automotive platforms.
In the consumer electronics segment, Samsung is known for high-definition TVs, monitors, refrigerators, washing machines and air conditioners, incorporating smart connectivity and energy-efficient technologies.
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