Semiconductor Manufacturing International Corporation Forecasted to Earn FY2019 Earnings of $0.10 Per Share (OTCMKTS:SMICY)

Semiconductor Manufacturing International Corporation (OTCMKTS:SMICY) – Equities research analysts at Jefferies Financial Group raised their FY2019 earnings estimates for shares of Semiconductor Manufacturing International in a report issued on Tuesday, November 12th. Jefferies Financial Group analyst R. Wu now expects that the company will post earnings per share of $0.10 for the year, up from their prior estimate of $0.08. Jefferies Financial Group also issued estimates for Semiconductor Manufacturing International’s FY2021 earnings at $0.06 EPS.

SMICY has been the subject of a number of other research reports. ValuEngine cut Semiconductor Manufacturing International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Semiconductor Manufacturing International from a “hold” rating to a “strong-buy” rating and set a $7.50 target price for the company in a research report on Friday.

OTCMKTS SMICY opened at $6.76 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.84 and a current ratio of 2.03. The business has a fifty day moving average of $6.24. The stock has a market capitalization of $6.60 billion, a PE ratio of 45.07 and a beta of 0.64. Semiconductor Manufacturing International has a 12 month low of $4.00 and a 12 month high of $6.87.

Semiconductor Manufacturing International (OTCMKTS:SMICY) last released its earnings results on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. Semiconductor Manufacturing International had a return on equity of 1.46% and a net margin of 4.38%. The firm had revenue of $816.45 million for the quarter, compared to analysts’ expectations of $800.01 million.

About Semiconductor Manufacturing International

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services. It is also involved in wafer manufacturing, wafer probing and bumping, technology development, design service, mask manufacturing, assembly and final testing of integrated circuits; and sales of self-manufactured products.

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