Tokyo Electron (OTCMKTS:TOELY) Stock Rating Lowered by Zacks Research

Key Points

• The stock rating of Tokyo Electron (OTCMKTS:TOELY) has been downgraded from "hold" to "strong sell" by Zacks Research.
• For the most recent quarter, the company reported $0.86 earnings per share, missing expectations of $0.89, along with revenues of $3.80 billion, which fell short of the $4.10 billion forecast.
• Tokyo Electron has a current market capitalization of $83.52 billion and a PE ratio of 23.30.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Monday,Zacks.com reports.

Tokyo Electron Price Performance

Shares of OTCMKTS:TOELY opened at $90.65 on Monday. Tokyo Electron has a 1 year low of $58.17 and a 1 year high of $97.12. The company has a market capitalization of $83.52 billion, a PE ratio of 23.30 and a beta of 1.80. The business has a fifty day moving average price of $78.11 and a two-hundred day moving average price of $78.16.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $4.10 billion. Tokyo Electron had a return on equity of 28.97% and a net margin of 22.07%. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. Sell-side analysts anticipate that Tokyo Electron will post 3.23 earnings per share for the current year.

About Tokyo Electron

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.