Infineon Technologies (IFNNY) Expected to Announce Earnings on Wednesday

Infineon Technologies (OTCMKTS:IFNNY) will likely be posting its results before the market opens on Wednesday, May 6th. Analysts expect Infineon Technologies to post earnings of $0.41 per share and revenue of $4.4597 billion for the quarter.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.65 billion. On average, analysts expect Infineon Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Infineon Technologies Price Performance

Shares of IFNNY traded down $0.86 during mid-day trading on Monday, hitting $66.39. 200,755 shares of the company were exchanged, compared to its average volume of 306,550. Infineon Technologies has a 1-year low of $33.25 and a 1-year high of $68.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. The company has a 50 day moving average of $50.84 and a 200-day moving average of $46.52. The stock has a market cap of $81.56 billion, a price-to-earnings ratio of 71.38, a price-to-earnings-growth ratio of 1.04 and a beta of 2.11.

Analysts Set New Price Targets

Several research analysts recently weighed in on IFNNY shares. UBS Group downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Zacks Research downgraded shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. upgraded shares of Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. Finally, Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Infineon Technologies presently has a consensus rating of “Moderate Buy”.

Infineon Technologies Company Profile

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.