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Himax Technologies (NASDAQ:HIMX) Releases Q2 2024 Earnings Guidance

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Himax Technologies (NASDAQ:HIMX - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.130-0.170 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $224.2 million-$234.5 million.

Himax Technologies Stock Up 9.2 %

HIMX stock traded up $0.48 during midday trading on Thursday, hitting $5.70. The company's stock had a trading volume of 1,773,863 shares, compared to its average volume of 706,115. Himax Technologies has a 52-week low of $4.80 and a 52-week high of $7.70. The firm has a 50-day simple moving average of $5.34 and a 200-day simple moving average of $5.64. The company has a quick ratio of 1.39, a current ratio of 1.69 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $995.93 million, a P/E ratio of 19.59 and a beta of 2.02.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Himax Technologies had a return on equity of 6.42% and a net margin of 5.35%. The firm had revenue of $227.70 million during the quarter, compared to analysts' expectations of $226.80 million. During the same period in the previous year, the firm posted $0.24 EPS. Himax Technologies's revenue for the quarter was down 13.2% on a year-over-year basis.

Himax Technologies Company Profile

(Get Free Report)

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.

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