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.
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about STMicroelectronics N.V.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for STMicroelectronics N.V. and related companies.