Infineon Technologies (IFNNY) Projected to Post Earnings on Wednesday

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

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. The company 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 Stock Up 7.9%

Shares of OTCMKTS IFNNY traded up $5.24 during mid-day trading on Tuesday, reaching $71.98. The company had a trading volume of 1,056,666 shares, compared to its average volume of 315,883. The stock has a market capitalization of $88.43 billion, a PE ratio of 77.40, a price-to-earnings-growth ratio of 1.04 and a beta of 2.11. Infineon Technologies has a twelve month low of $33.25 and a twelve month high of $72.38. 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 stock’s 50 day moving average is $50.84 and its 200-day moving average is $46.52.

Analyst Ratings Changes

A number of research firms have recently weighed in on IFNNY. Wall Street Zen raised Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 12th. UBS Group lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Infineon Technologies presently has an average 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.