STMicroelectronics N.V. (STM) Expected to Post Earnings of $0.35 Per Share

Brokerages expect STMicroelectronics N.V. (NYSE:STM) to post $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for STMicroelectronics N.V.’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.37. STMicroelectronics N.V. posted earnings of $0.16 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 118.8%. The company is expected to announce its next earnings results on Thursday, January 25th.

On average, analysts expect that STMicroelectronics N.V. will report full-year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.83 to $0.94. For the next year, analysts forecast that the company will report earnings of $1.20 per share, with EPS estimates ranging from $1.04 to $1.35. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for STMicroelectronics N.V..

STMicroelectronics N.V. (NYSE:STM) last released its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.10 billion. STMicroelectronics N.V. had a net margin of 7.84% and a return on equity of 13.47%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS.

STM has been the subject of several research analyst reports. Craig Hallum upped their target price on shares of STMicroelectronics N.V. from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded shares of STMicroelectronics N.V. from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.88.

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Several institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of STMicroelectronics N.V. by 5.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after purchasing an additional 433 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of STMicroelectronics N.V. by 8.1% during the 2nd quarter. CIBC World Markets Inc. now owns 13,636 shares of the semiconductor producer’s stock worth $196,000 after purchasing an additional 1,027 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of STMicroelectronics N.V. by 7.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 16,514 shares of the semiconductor producer’s stock worth $237,000 after purchasing an additional 1,101 shares in the last quarter. Financial Architects Inc increased its position in shares of STMicroelectronics N.V. by 14.8% during the 2nd quarter. Financial Architects Inc now owns 9,141 shares of the semiconductor producer’s stock worth $132,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of STMicroelectronics N.V. by 4.6% during the 2nd quarter. Bank of Montreal Can now owns 30,957 shares of the semiconductor producer’s stock worth $445,000 after purchasing an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 5.21% of the company’s stock.

STMicroelectronics N.V. (NYSE STM) traded up $0.12 during trading hours on Friday, reaching $24.13. 2,027,685 shares of the company traded hands, compared to its average volume of 4,531,802. The firm has a market cap of $21,800.00, a PE ratio of 32.89, a P/E/G ratio of 5.35 and a beta of 0.81. STMicroelectronics N.V. has a 1 year low of $9.46 and a 1 year high of $24.80. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33.

STMicroelectronics N.V. Company Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

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Earnings History and Estimates for STMicroelectronics N.V. (NYSE:STM)

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