Qnity Electronics (NYSE:Q) Announces Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Qnity Electronics (NYSE:Q) issued its quarterly earnings data on Tuesday. The premier technology solutions leader reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.32, Zacks reports.

Qnity Electronics Stock Performance

Shares of NYSE Q traded down $2.23 during mid-day trading on Tuesday, reaching $79.23. The company had a trading volume of 3,116,355 shares, compared to its average volume of 3,271,294. Qnity Electronics has a 1-year low of $70.50 and a 1-year high of $105.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on Q shares. New Street Research set a $110.00 price target on Qnity Electronics in a report on Monday, November 3rd. Wolfe Research initiated coverage on shares of Qnity Electronics in a research report on Monday, November 3rd. They set an “outperform” rating and a $110.00 price target on the stock. Zacks Research upgraded Qnity Electronics to a “hold” rating in a report on Thursday, November 6th. Finally, Mizuho started coverage on Qnity Electronics in a research note on Tuesday, November 4th. They set an “outperform” rating and a $110.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $110.00.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.