Wall Street analysts predict that STMicroelectronics NV (NYSE:STM) will report $0.35 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for STMicroelectronics’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.33. STMicroelectronics reported earnings per share of $0.16 in the same quarter last year, which suggests a positive year-over-year growth rate of 118.8%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, January 25th.
According to Zacks, analysts expect that STMicroelectronics will report full-year earnings of $0.93 per share for the current year, with EPS estimates ranging from $0.91 to $0.94. For the next financial year, analysts expect that the company will post earnings of $1.27 per share, with EPS estimates ranging from $1.17 to $1.38. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for STMicroelectronics.
STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $2.14 billion for 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%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share.
Several hedge funds have recently bought and sold shares of STM. Parametric Portfolio Associates LLC lifted its holdings in STMicroelectronics by 5.5% during the third quarter. Parametric Portfolio Associates LLC now owns 815,187 shares of the semiconductor producer’s stock worth $15,831,000 after acquiring an additional 42,755 shares during the period. Moors & Cabot Inc. bought a new stake in STMicroelectronics during the third quarter worth $197,000. Cetera Advisors LLC lifted its holdings in STMicroelectronics by 393.4% during the third quarter. Cetera Advisors LLC now owns 53,484 shares of the semiconductor producer’s stock worth $1,041,000 after acquiring an additional 42,644 shares during the period. Marco Investment Management LLC increased its position in STMicroelectronics by 57.5% in the third quarter. Marco Investment Management LLC now owns 51,575 shares of the semiconductor producer’s stock worth $1,002,000 after buying an additional 18,825 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in STMicroelectronics by 2.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,934 shares of the semiconductor producer’s stock worth $1,727,000 after buying an additional 2,392 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.
Shares of STMicroelectronics (NYSE:STM) traded down $0.29 during trading hours on Monday, reaching $24.77. The company’s stock had a trading volume of 1,554,887 shares, compared to its average volume of 3,139,715. The company has a market capitalization of $22,460.00, a price-to-earnings ratio of 37.52, a P/E/G ratio of 3.94 and a beta of 0.79. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. STMicroelectronics has a 1-year low of $11.54 and a 1-year high of $25.30.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Tuesday, December 19th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.97%. STMicroelectronics’s dividend payout ratio is presently 30.30%.
STMicroelectronics Company Profile
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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