ASML Holding to Post Q2 2018 Earnings of $1.44 Per Share, KeyCorp Forecasts (ASML)

ASML Holding (NASDAQ:ASML) – Investment analysts at KeyCorp dropped their Q2 2018 earnings per share (EPS) estimates for ASML in a research note issued to investors on Wednesday, April 18th. KeyCorp analyst W. Twigg now forecasts that the semiconductor company will post earnings per share of $1.44 for the quarter, down from their prior estimate of $1.64. KeyCorp also issued estimates for ASML’s Q3 2018 earnings at $1.72 EPS and FY2018 earnings at $6.73 EPS.

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ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, April 18th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.17. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.23 billion. ASML had a net margin of 24.30% and a return on equity of 21.49%. ASML’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS.

Several other analysts also recently weighed in on ASML. BidaskClub downgraded shares of ASML from a “strong-buy” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada lifted their target price on shares of ASML to $218.00 and gave the company a “market perform” rating in a report on Thursday. B. Riley lifted their target price on shares of ASML from $166.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. ValuEngine raised shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. ASML presently has an average rating of “Buy” and a consensus target price of $197.43.

Shares of NASDAQ:ASML opened at $193.02 on Monday. The stock has a market capitalization of $82,495.40, a PE ratio of 34.65, a PEG ratio of 1.43 and a beta of 1.17. The company has a current ratio of 2.94, a quick ratio of 1.81 and a debt-to-equity ratio of 0.27. ASML has a fifty-two week low of $126.03 and a fifty-two week high of $216.00.

ASML announced that its board has approved a share repurchase program on Wednesday, January 17th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in ASML. Financial Gravity Companies Inc. purchased a new stake in ASML during the fourth quarter worth about $100,000. Delek Group Ltd. purchased a new stake in ASML during the fourth quarter worth about $111,000. We Are One Seven LLC purchased a new stake in ASML during the fourth quarter worth about $117,000. First Manhattan Co. purchased a new stake in ASML during the fourth quarter worth about $201,000. Finally, Mission Wealth Management LP purchased a new stake in ASML during the fourth quarter worth about $222,000. 16.90% of the stock is currently owned by hedge funds and other institutional investors.

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About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.

Earnings History and Estimates for ASML (NASDAQ:ASML)

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