ARM (ARM) to Release Quarterly Earnings on Wednesday

ARM (NASDAQ:ARM) is expected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $947.12 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

ARM (NASDAQ:ARM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, analysts expect ARM to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ARM Stock Down 2.4 %

Shares of NASDAQ ARM opened at $155.65 on Tuesday. The company’s fifty day moving average is $141.82 and its 200-day moving average is $139.60. The stock has a market cap of $163.09 billion, a price-to-earnings ratio of 259.42, a P/E/G ratio of 7.46 and a beta of 4.56. ARM has a twelve month low of $71.60 and a twelve month high of $188.75.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ARM shares. Barclays boosted their price objective on shares of ARM from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. UBS Group assumed coverage on shares of ARM in a report on Monday, November 25th. They issued a “buy” rating and a $160.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of ARM from $144.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of ARM from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Evercore ISI upped their price target on shares of ARM from $173.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ARM has an average rating of “Moderate Buy” and an average price target of $152.09.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.