STMicroelectronics (STM) Scheduled to Post Quarterly Earnings on Thursday

STMicroelectronics (NYSE:STM) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. STMicroelectronics has set its Q3 2019 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor producer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.11 billion. STMicroelectronics had a net margin of 11.94% and a return on equity of 17.59%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. On average, analysts expect STMicroelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of STM opened at $21.06 on Wednesday. The stock has a 50-day simple moving average of $19.77 and a 200-day simple moving average of $17.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.90 and a current ratio of 2.77. The stock has a market capitalization of $18.87 billion, a PE ratio of 14.73, a PEG ratio of 4.13 and a beta of 1.36. STMicroelectronics has a 1 year low of $12.00 and a 1 year high of $21.65.

Several equities research analysts have recently weighed in on STM shares. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Goldman Sachs Group raised STMicroelectronics from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.60 to $19.20 in a research report on Thursday, August 8th. Finally, Zacks Investment Research lowered STMicroelectronics from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $18.02.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

Featured Story: Margin

Earnings History for STMicroelectronics (NYSE:STM)

Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with's FREE daily email newsletter.