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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for STMicroelectronics N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics N.V. and related companies with MarketBeat.com's FREE daily email newsletter.