United Microelectronics (UMC) Projected to Post Earnings on Wednesday

United Microelectronics (NYSE:UMC) is anticipated to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.10 per share and revenue of $57.63 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

United Microelectronics (NYSE:UMC) last posted its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.30 earnings per share. On average, analysts expect United Microelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

United Microelectronics Trading Up 0.7 %

Shares of United Microelectronics stock opened at $6.93 on Wednesday. The firm has a 50-day simple moving average of $6.56 and a two-hundred day simple moving average of $6.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. United Microelectronics has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The company has a market cap of $17.35 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.40.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.