Tokyo Electron (TOELY) Projected to Release Earnings on Friday

Key Points

• Tokyo Electron is expected to report earnings after the market closes Friday, October 30. Analysts forecast quarterly earnings of $1.36 per share on $5.53 billion in revenue.
• In its previous quarter, the company earned $1.13 per share, beating estimates of $1.09, while revenue of $4.60 billion fell short of expectations.
• Analyst sentiment is cautious: Zacks Research downgraded the stock from “strong buy” to “hold,” and the overall analyst consensus is also “Hold.”

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) is anticipated to announce its results after the market closes on Friday, October 30th. Analysts expect Tokyo Electron to announce earnings of $1.36 per share and revenue of $5.53 billion for the quarter.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.04. Tokyo Electron had a return on equity of 24.38% and a net margin of 23.58%. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $4.67 billion. On average, analysts expect Tokyo Electron to post $5.18 EPS for the current fiscal year and $7.01 EPS for the next fiscal year.

Tokyo Electron Price Performance

Shares of OTCMKTS:TOELY opened at $164.55 on Friday. Tokyo Electron has a 52-week low of $81.50 and a 52-week high of $249.37. The company has a 50 day moving average of $168.11 and a two-hundred day moving average of $177.10. The company has a market capitalization of $154.03 billion, a price-to-earnings ratio of 37.65 and a beta of 1.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Tokyo Electron from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

About Tokyo Electron

Tokyo Electron Limited is a Japanese manufacturer of semiconductor and flat-panel display production equipment. The company supplies tools used throughout the chip manufacturing process, including wafer coating and developing systems, plasma etch systems, deposition equipment, wafer cleaning systems and thermal processing equipment.

Its semiconductor equipment supports processes such as lithography, pattern formation, film deposition, etching and cleaning, which are used to manufacture integrated circuits and memory devices.

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