Himax Technologies (HIMX) Updates Q4 2018 Earnings Guidance

Himax Technologies (NASDAQ:HIMX) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided earnings per share guidance of $0.02-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.04. The company issued revenue guidance of $188.383-197.802 million, compared to the consensus revenue estimate of $196.59 million.Himax Technologies also updated its Q4 guidance to $0.02-0.04 EPS.

Several research firms have recently weighed in on HIMX. Robert W. Baird reduced their price objective on Himax Technologies from $10.00 to $7.00 and set an outperform rating for the company in a research note on Thursday. Credit Suisse Group reissued a neutral rating and set a $7.00 price objective on shares of Himax Technologies in a research note on Friday. Cowen set a $7.00 price objective on Himax Technologies and gave the stock a hold rating in a research note on Thursday, August 9th. BidaskClub lowered Himax Technologies from a buy rating to a hold rating in a research note on Friday, July 27th. Finally, ValuEngine lowered Himax Technologies from a hold rating to a sell rating in a research note on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $7.99.

HIMX opened at $4.41 on Friday. The firm has a market capitalization of $932.80 million, a PE ratio of 27.56, a price-to-earnings-growth ratio of 32.52 and a beta of -0.27. Himax Technologies has a 12-month low of $4.32 and a 12-month high of $13.95.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, November 8th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The company had revenue of $188.40 million during the quarter, compared to analyst estimates of $188.20 million. Himax Technologies had a return on equity of 6.12% and a net margin of 3.66%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, sell-side analysts expect that Himax Technologies will post 0.01 EPS for the current fiscal year.

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About Himax Technologies

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.

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