ASML (NASDAQ:ASML) Releases Earnings Results, Beats Expectations By $0.18 EPS

ASML (NASDAQ:ASML) released its quarterly earnings data on Wednesday. The semiconductor company reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.18, Morningstar.com reports. ASML had a net margin of 23.08% and a return on equity of 21.31%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the company earned $1.37 EPS. ASML updated its Q3 2019 guidance to EPS.

Shares of ASML stock traded down $3.03 during trading on Friday, hitting $223.62. 784,544 shares of the company were exchanged, compared to its average volume of 700,939. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.78 and a quick ratio of 1.87. The company has a market capitalization of $91.70 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.17 and a beta of 1.21. The business’s 50-day moving average is $201.91. ASML has a twelve month low of $144.50 and a twelve month high of $226.99.

Several hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of ASML by 37.2% during the first quarter. FMR LLC now owns 4,484,787 shares of the semiconductor company’s stock worth $843,365,000 after purchasing an additional 1,215,606 shares during the period. WCM Investment Management LLC raised its position in ASML by 13.5% during the first quarter. WCM Investment Management LLC now owns 3,117,183 shares of the semiconductor company’s stock valued at $586,186,000 after acquiring an additional 370,629 shares in the last quarter. BlackRock Inc. raised its position in ASML by 1.0% during the first quarter. BlackRock Inc. now owns 2,033,354 shares of the semiconductor company’s stock valued at $382,373,000 after acquiring an additional 19,568 shares in the last quarter. Neuberger Berman Group LLC raised its position in ASML by 6.4% during the first quarter. Neuberger Berman Group LLC now owns 1,297,714 shares of the semiconductor company’s stock valued at $243,895,000 after acquiring an additional 77,527 shares in the last quarter. Finally, Northern Trust Corp raised its position in ASML by 12.0% during the first quarter. Northern Trust Corp now owns 770,173 shares of the semiconductor company’s stock valued at $144,830,000 after acquiring an additional 82,603 shares in the last quarter. Institutional investors and hedge funds own 16.80% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Royal Bank of Canada raised their target price on shares of Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley reissued an “overweight” rating on shares of in a research note on Wednesday, June 19th. Finally, Wells Fargo & Co set a $45.00 target price on shares of Perrigo and gave the company a “hold” rating in a research note on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $206.50.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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Earnings History for ASML (NASDAQ:ASML)

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