STMicroelectronics (NYSE:STM - Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 EPS for the quarter, beating the consensus estimate of $0.95 by $0.19. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The firm had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the prior year, the firm posted $1.32 earnings per share. The business's quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect STMicroelectronics to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
STMicroelectronics Stock Down 1.8 %
NYSE STM traded down $0.74 during trading hours on Thursday, hitting $39.59. 4,008,213 shares of the company traded hands, compared to its average volume of 3,576,476. The business's 50-day moving average is $44.31 and its 200-day moving average is $44.68. STMicroelectronics has a twelve month low of $37.21 and a twelve month high of $55.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17. The stock has a market capitalization of $35.74 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 2.67 and a beta of 1.69.
STMicroelectronics Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be paid a $0.09 dividend. This is a positive change from STMicroelectronics's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.36 annualized dividend and a yield of 0.91%. STMicroelectronics's dividend payout ratio is currently 4.48%.
Wall Street Analyst Weigh In
Several research firms have issued reports on STM. Craig Hallum dropped their price objective on STMicroelectronics from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, January 25th. StockNews.com lowered STMicroelectronics from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 31st. Susquehanna restated a "positive" rating and issued a $55.00 price objective on shares of STMicroelectronics in a research note on Monday, April 8th. Finally, HSBC began coverage on STMicroelectronics in a research note on Thursday, February 22nd. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, STMicroelectronics has a consensus rating of "Moderate Buy" and a consensus price target of $50.75.
Check Out Our Latest Analysis on STM
Hedge Funds Weigh In On STMicroelectronics
Large investors have recently made changes to their positions in the company. Prudential Financial Inc. bought a new position in shares of STMicroelectronics during the first quarter worth approximately $231,000. Bridgefront Capital LLC acquired a new stake in STMicroelectronics during the second quarter worth approximately $229,000. International Assets Investment Management LLC acquired a new stake in STMicroelectronics during the fourth quarter worth approximately $229,000. Captrust Financial Advisors grew its position in STMicroelectronics by 109.8% during the second quarter. Captrust Financial Advisors now owns 7,129 shares of the semiconductor producer's stock worth $224,000 after buying an additional 3,731 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in STMicroelectronics during the second quarter worth approximately $209,000. Institutional investors own 5.05% of the company's stock.
STMicroelectronics Company Profile
(
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STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.
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