STMicroelectronics (STM) Set to Announce Earnings on Thursday

STMicroelectronics (NYSE:STM) will release its earnings data before the market opens on Thursday, October 31st. Analysts expect STMicroelectronics to post earnings of $0.32 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor producer reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.55 billion. STMicroelectronics had a return on equity of 18.18% and a net margin of 19.68%. The business’s revenue for the quarter was down 25.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. On average, analysts expect STMicroelectronics to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

STMicroelectronics Stock Performance

NYSE STM opened at $27.88 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.56 and a current ratio of 3.35. The stock’s fifty day moving average is $29.14 and its two-hundred day moving average is $36.09. The firm has a market capitalization of $25.19 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 3.44 and a beta of 1.57. STMicroelectronics has a fifty-two week low of $26.63 and a fifty-two week high of $51.27.

STMicroelectronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.36 annualized dividend and a dividend yield of 1.29%. STMicroelectronics’s payout ratio is 7.69%.

Analysts Set New Price Targets

STM has been the subject of several recent analyst reports. StockNews.com cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Citigroup upgraded shares of STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. Susquehanna decreased their price objective on STMicroelectronics from $45.00 to $35.00 and set a “positive” rating on the stock in a report on Monday. TD Cowen cut their target price on STMicroelectronics from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, Craig Hallum decreased their price target on STMicroelectronics from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics currently has an average rating of “Moderate Buy” and an average price target of $39.80.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.