ARM (ARM) Set to Announce Earnings on Wednesday

ARM (NASDAQ:ARM) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. ARM had a return on equity of 18.97% and a net margin of 12.12%. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $905.53 million. During the same quarter last year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 39.1% on a year-over-year basis. On average, analysts expect ARM to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ARM Stock Up 4.8 %

ARM opened at $157.17 on Wednesday. The company has a market cap of $164.69 billion and a P/E ratio of 403.01. The firm’s 50-day moving average price is $140.09 and its 200-day moving average price is $136.29. ARM has a 52-week low of $47.12 and a 52-week high of $188.75.

Analyst Upgrades and Downgrades

ARM has been the topic of a number of recent analyst reports. William Blair initiated coverage on shares of ARM in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. Citigroup raised their target price on ARM from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of ARM in a research note on Thursday, August 1st. Sanford C. Bernstein upgraded ARM from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $92.00 to $100.00 in a research note on Wednesday, August 7th. Finally, Loop Capital lifted their target price on ARM from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

About ARM

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.