Tokyo Electron (OTCMKTS:TOELY) Posts Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Key Points

• Quarterly miss: Tokyo Electron reported EPS of $0.96, missing the consensus $1.24 by $0.28, while posting a net margin of 21.07% and a return on equity of 23.86%.
• Stock jumped 7.7%: Shares rose $10.77 to $150.30 despite the earnings miss, valuing the company at $141.77 billion with a P/E of 41.07.
• Analyst downgrade: Zacks cut its rating from "strong-buy" to "hold," and MarketBeat shows a consensus rating of Hold.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) released its earnings results on Thursday. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.28), Zacks reports. Tokyo Electron had a net margin of 21.07% and a return on equity of 23.86%.

Tokyo Electron Stock Up 7.7%

Shares of Tokyo Electron stock traded up $10.77 on Thursday, hitting $150.30. 139,728 shares of the company's stock traded hands, compared to its average volume of 169,041. The stock has a market cap of $141.77 billion, a P/E ratio of 41.07 and a beta of 1.90. The firm's 50-day moving average is $132.64 and its 200 day moving average is $120.52. Tokyo Electron has a 52-week low of $66.10 and a 52-week high of $152.09.

Analysts Set New Price Targets

Separately, Zacks Research cut Tokyo Electron from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

About Tokyo Electron

Tokyo Electron OTCMKTS: TOELY is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.

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