STMicroelectronics (STM) to Release Earnings on Wednesday

STMicroelectronics (NYSE:STMGet Rating) will post its quarterly earnings results before the market opens on Wednesday, April 27th. Analysts expect STMicroelectronics to post earnings of $0.71 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

STMicroelectronics (NYSE:STMGet Rating) last released its quarterly earnings data on Thursday, January 27th. The semiconductor producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.12. STMicroelectronics had a return on equity of 22.74% and a net margin of 15.67%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the firm posted $0.63 earnings per share. STMicroelectronics’s revenue was up 9.9% compared to the same quarter last year. On average, analysts expect STMicroelectronics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of STM stock opened at $37.68 on Wednesday. The business’s 50-day moving average price is $41.20 and its 200-day moving average price is $45.18. STMicroelectronics has a 12 month low of $34.16 and a 12 month high of $52.15. The firm has a market capitalization of $34.23 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.26 and a beta of 1.44. The company has a current ratio of 2.65, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 29th. Stockholders of record on Tuesday, March 22nd were paid a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 21st. STMicroelectronics’s payout ratio is 9.26%.

STM has been the topic of a number of recent research reports. Barclays lowered STMicroelectronics from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 12th. Zacks Investment Research lowered STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 30th. StockNews.com initiated coverage on STMicroelectronics in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Robert W. Baird raised STMicroelectronics from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $62.00 in a research note on Friday, January 28th. Finally, Jefferies Financial Group initiated coverage on STMicroelectronics in a research report on Thursday, February 17th. They set an “underperform” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $51.56.

Hedge funds have recently modified their holdings of the business. JustInvest LLC grew its position in shares of STMicroelectronics by 10.3% during the 4th quarter. JustInvest LLC now owns 11,201 shares of the semiconductor producer’s stock worth $547,000 after buying an additional 1,043 shares during the period. BlackRock Inc. boosted its stake in STMicroelectronics by 13.6% during the fourth quarter. BlackRock Inc. now owns 3,211,808 shares of the semiconductor producer’s stock worth $156,993,000 after acquiring an additional 385,671 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in STMicroelectronics by 37.6% during the fourth quarter. Allianz Asset Management GmbH now owns 173,345 shares of the semiconductor producer’s stock worth $8,473,000 after acquiring an additional 47,355 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in STMicroelectronics by 2.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 1,187,241 shares of the semiconductor producer’s stock worth $58,032,000 after acquiring an additional 27,221 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new position in STMicroelectronics during the fourth quarter worth $224,000. Institutional investors and hedge funds own 10.70% of the company’s stock.

About STMicroelectronics (Get Rating)

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.

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Earnings History for STMicroelectronics (NYSE:STM)

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