STMicroelectronics (STM) Scheduled to Post Earnings on Thursday

STMicroelectronics (NYSE:STM) will be releasing 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 interested in registering for the company’s earnings conference call can do so using this link.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.08 billion. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period 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 Stock Performance

Shares of NYSE:STM opened at $39.25 on Tuesday. The stock has a market capitalization of $35.43 billion, a P/E ratio of 8.80, a P/E/G ratio of 2.58 and a beta of 1.69. STMicroelectronics has a 1-year low of $37.21 and a 1-year high of $55.85. The company has a current ratio of 3.17, a quick ratio of 2.44 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $44.02 and a two-hundred day moving average price of $44.64.

STMicroelectronics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be issued a dividend of $0.09 per share. This is a boost from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a yield of 0.92%. The ex-dividend date is Tuesday, June 25th. STMicroelectronics’s payout ratio is currently 8.07%.

Analyst Ratings Changes

Several analysts have weighed in on STM shares. Susquehanna reissued a “positive” rating and set a $55.00 price objective on shares of STMicroelectronics in a report on Monday, April 8th. Craig Hallum lowered their price target on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. HSBC initiated coverage on STMicroelectronics in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Finally, StockNews.com cut STMicroelectronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.