$2.36 Billion in Sales Expected for STMicroelectronics N.V. (STM) This Quarter

Analysts expect STMicroelectronics N.V. (NYSE:STM) to post $2.36 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for STMicroelectronics’ earnings. The highest sales estimate is $2.38 billion and the lowest is $2.35 billion. STMicroelectronics posted sales of $1.86 billion during the same quarter last year, which suggests a positive year over year growth rate of 26.9%. The company is expected to issue its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that STMicroelectronics will report full-year sales of $2.36 billion for the current year, with estimates ranging from $8.23 billion to $8.26 billion. For the next fiscal year, analysts expect that the firm will report sales of $9.08 billion per share, with estimates ranging from $8.58 billion to $9.56 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover STMicroelectronics.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.10 billion. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. STMicroelectronics’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share.

A number of research firms recently issued reports on STM. ValuEngine lowered STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday. Craig Hallum restated a “buy” rating on shares of STMicroelectronics in a research note on Wednesday, September 13th. Finally, Zacks Investment Research cut STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.88.

Institutional investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. increased its position in shares of STMicroelectronics by 225.2% during the third quarter. Thompson Davis & CO. Inc. now owns 8,000 shares of the semiconductor producer’s stock worth $155,000 after purchasing an additional 5,540 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of STMicroelectronics by 5.0% during the second quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after purchasing an additional 433 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of STMicroelectronics by 22.6% during the second quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock worth $138,000 after purchasing an additional 1,765 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in shares of STMicroelectronics during the third quarter worth about $197,000. Finally, Cetera Investment Advisers acquired a new stake in shares of STMicroelectronics during the second quarter worth about $156,000. Institutional investors own 5.06% of the company’s stock.

STMicroelectronics (NYSE:STM) traded down $0.42 during trading hours on Monday, reaching $22.20. The company had a trading volume of 6,159,600 shares, compared to its average volume of 4,503,068. The stock has a market capitalization of $20,224.87, a price-to-earnings ratio of 30.41, a PEG ratio of 4.83 and a beta of 0.78. STMicroelectronics has a 52-week low of $9.77 and a 52-week high of $24.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 2.29.

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About STMicroelectronics

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

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Earnings History and Estimates for STMicroelectronics (NYSE:STM)

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