United Microelectronics (UMC) Expected to Announce Earnings on Wednesday

United Microelectronics (NYSE:UMC) will likely be issuing its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $1,871,370.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $5.30 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts expect United Microelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

United Microelectronics Stock Down 0.1 %

Shares of UMC opened at $5.69 on Tuesday. The firm has a market cap of $14.25 billion, a P/E ratio of 9.80, a PEG ratio of 3.88 and a beta of 1.17. United Microelectronics has a 12 month low of $5.63 and a 12 month high of $9.00. The stock’s 50 day moving average is $6.52 and its two-hundred day moving average is $7.53. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley cut shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. StockNews.com lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Citigroup lowered United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group downgraded United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 target price on the stock. in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.40.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.