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.

STM has been the topic of several recent research reports. Zacks Investment Research upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Tuesday, October 31st. Credit Suisse Group upgraded STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. ValuEngine lowered STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Craig Hallum raised their target price on STMicroelectronics from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Societe Generale began coverage on STMicroelectronics in a report on Wednesday, January 17th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. STMicroelectronics currently has a consensus rating of “Buy” and a consensus target price of $23.05.

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%.

TRADEMARK VIOLATION NOTICE: This piece was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.com-unik.info/2018/01/22/1061824.html.

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.

Get a free copy of the Zacks research report on STMicroelectronics (STM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit