Onsemi (ON) to Release Earnings on Monday

Onsemi (NASDAQ:ON) is scheduled to be releasing its earnings data before the market opens on Monday, April 29th. Analysts expect Onsemi to post earnings of $1.05 per share for the quarter. Onsemi has set its Q1 guidance at $0.98-1.10 EPS and its Q1 2024 guidance at 0.980-1.100 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. Onsemi’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, analysts expect Onsemi to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Onsemi Stock Performance

Shares of ON stock opened at $68.06 on Friday. The firm has a market cap of $29.26 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 6.40 and a beta of 1.80. The company’s 50 day moving average is $73.32 and its 200 day moving average is $75.70. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. Onsemi has a 52-week low of $59.34 and a 52-week high of $111.35.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ON shares. BNP Paribas restated an “underperform” rating and set a $55.00 target price on shares of Onsemi in a research report on Friday, April 19th. Roth Mkm lifted their price objective on shares of Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Onsemi in a report on Tuesday, February 6th. TD Cowen lifted their price objective on shares of Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Finally, The Goldman Sachs Group cut their target price on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.28.

About Onsemi

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.