Tokyo Electron (TOELY) to Announce Quarterly Earnings on Thursday

Tokyo Electron (OTCMKTS:TOELY) is expected to be announcing its resultson Thursday, July 30th. Analysts expect the company to post earnings of $1.11 per share and revenue of $4.7130 billion for the quarter.

Tokyo Electron Trading Down 2.2%

Shares of OTCMKTS TOELY opened at $204.53 on Thursday. The stock has a fifty day simple moving average of $201.69 and a two-hundred day simple moving average of $158.36. Tokyo Electron has a 1-year low of $66.10 and a 1-year high of $249.37. The firm has a market cap of $191.45 billion, a price-to-earnings ratio of 49.52 and a beta of 1.88.

Analysts Set New Price Targets

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