Tokyo Electron (TOELY) Projected to Announce Quarterly Earnings on Thursday

Tokyo Electron (OTCMKTS:TOELY) will likely be announcing its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $1.09 per share and revenue of $4.6704 billion for the quarter.

Tokyo Electron Stock Down 10.1%

Shares of OTCMKTS TOELY opened at $165.90 on Wednesday. The stock’s fifty day simple moving average is $203.87 and its 200 day simple moving average is $160.22. The stock has a market capitalization of $155.29 billion, a price-to-earnings ratio of 40.17 and a beta of 1.88. Tokyo Electron has a 52-week low of $66.10 and a 52-week high of $249.37.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Tokyo Electron has a consensus rating of “Strong Buy”.

About Tokyo Electron

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.