Himax Technologies (HIMX) Issues Q4 Earnings Guidance

Himax Technologies (NASDAQ:HIMX) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.02-0.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of +0-5% Q/Q to $188.4-198 million, compared to the consensus revenue estimate of $194.95 million.Himax Technologies also updated its Q4 2018 guidance to $0.02-0.04 EPS.

HIMX stock opened at $4.41 on Friday. Himax Technologies has a 12 month low of $4.32 and a 12 month high of $13.95. The stock has a market capitalization of $932.80 million, a price-to-earnings ratio of 27.56, a PEG ratio of 32.52 and a beta of -0.27.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, November 8th. The semiconductor company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Himax Technologies had a net margin of 3.66% and a return on equity of 6.12%. The firm had revenue of $188.40 million for the quarter, compared to analyst estimates of $188.20 million. During the same period last year, the firm earned $0.05 EPS. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts predict that Himax Technologies will post 0.01 earnings per share for the current year.

HIMX has been the topic of several recent analyst reports. BidaskClub raised shares of Himax Technologies from a hold rating to a buy rating in a report on Tuesday, July 17th. Zacks Investment Research raised shares of Himax Technologies from a hold rating to a strong-buy rating and set a $7.00 target price on the stock in a report on Thursday, October 11th. ValuEngine lowered shares of Himax Technologies from a hold rating to a sell rating in a report on Wednesday, August 15th. Macquarie lowered shares of Himax Technologies from an outperform rating to a neutral rating and decreased their target price for the company from $12.00 to $6.00 in a report on Thursday, August 16th. Finally, Roth Capital raised shares of Himax Technologies from a neutral rating to a buy rating and set a $7.00 target price on the stock in a report on Monday, October 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $7.99.

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About Himax Technologies

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.

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