Infineon Technologies (IFNNY) Set to Release Quarterly Earnings on Tuesday

Key Points

• Infineon Technologies is expected to report quarterly results before Tuesday’s market open, with analysts forecasting $0.68 in earnings per share and $5.33 billion in revenue.
• The company previously exceeded expectations, posting $0.51 EPS versus a $0.48 consensus estimate and $4.82 billion in revenue. Analysts project $2.00 EPS for the current fiscal year and $3.23 for the next.
• Analyst sentiment is mixed but leans positive, with the stock carrying a “Moderate Buy” consensus rating. Shares recently traded at $58.95, while the company has a market capitalization of approximately $76.82 billion.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) is expected to release its results before the market opens on Tuesday, November 10th. Analysts expect the company to post earnings of $0.68 per share and revenue of $5.33 billion for the quarter.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.76 billion. On average, analysts expect Infineon Technologies to post $2.00 EPS for the current fiscal year and $3.23 EPS for the next fiscal year.

Infineon Technologies Trading Up 3.5%

Shares of Infineon Technologies stock traded up $2.01 during trading hours on Tuesday, reaching $58.95. 61,965 shares of the company's stock were exchanged, compared to its average volume of 397,724. The company has a fifty day moving average of $63.76 and a 200-day moving average of $65.23. Infineon Technologies has a 52-week low of $36.10 and a 52-week high of $103.28. The firm has a market capitalization of $76.82 billion, a price-to-earnings ratio of 52.17, a price-to-earnings-growth ratio of 0.42 and a beta of 2.26. The company has a current ratio of 1.73, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. DZ Bank upgraded shares of Infineon Technologies to a "strong-buy" rating in a report on Thursday, August 27th. Zacks Research lowered shares of Infineon Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company's products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.

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