STMicroelectronics (STM) Set to Announce Earnings on Thursday

STMicroelectronics (NYSE:STM) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect STMicroelectronics to post earnings of $0.59 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.08 billion. STMicroelectronics had a net margin of 24.36% and a return on equity of 27.70%. STMicroelectronics’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS. On average, analysts expect STMicroelectronics to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

STMicroelectronics Price Performance

STM opened at $39.99 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.17 and a quick ratio of 2.44. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 2.58 and a beta of 1.69. The firm’s fifty day moving average price is $43.94 and its two-hundred day moving average price is $44.61. STMicroelectronics has a 1 year low of $37.21 and a 1 year high of $55.85.

STMicroelectronics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be issued a $0.09 dividend. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, June 25th. STMicroelectronics’s payout ratio is 4.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on STM shares. Susquehanna restated a “positive” rating and issued a $55.00 price objective on shares of STMicroelectronics in a research note on Monday, April 8th. Craig Hallum decreased their price target on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. StockNews.com cut STMicroelectronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Berenberg Bank upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, HSBC started coverage on STMicroelectronics in a research report on Thursday, February 22nd. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, STMicroelectronics presently has a consensus rating of “Moderate Buy” and an average price target of $50.75.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.