Tokyo Electron (OTCMKTS:TOELY) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Tokyo Electron (OTCMKTS:TOELY) issued its quarterly earnings results on Friday. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03, Zacks reports. Tokyo Electron had a return on equity of 28.97% and a net margin of 22.07%.The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.06 billion.

Tokyo Electron Stock Up 3.4%

OTCMKTS TOELY opened at $110.07 on Friday. Tokyo Electron has a twelve month low of $58.17 and a twelve month high of $111.82. The company has a market cap of $101.41 billion, a price-to-earnings ratio of 27.94 and a beta of 1.89. The business’s fifty day moving average is $87.55 and its 200 day moving average is $83.67.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Tokyo Electron from a “hold” rating to a “strong sell” rating in a research note on Monday, September 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Tokyo Electron Company Profile

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.