ASML (ASML) to Release Quarterly Earnings on Wednesday

ASML (NASDAQ:ASML) will announce its earnings results before the market opens on Wednesday, October 16th. Analysts expect the company to announce earnings of $5.47 per share for the quarter. ASML has set its Q3 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the company earned $5.37 earnings per share. ASML’s revenue was down 9.5% compared to the same quarter last year. On average, analysts expect ASML to post $20 EPS for the current fiscal year and $34 EPS for the next fiscal year.

ASML Price Performance

Shares of NASDAQ ASML opened at $840.69 on Monday. The stock has a fifty day simple moving average of $844.97 and a two-hundred day simple moving average of $923.92. ASML has a 1-year low of $573.86 and a 1-year high of $1,110.09. The firm has a market cap of $330.74 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 annualized dividend and a yield of 0.89%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio is 30.17%.

Analyst Upgrades and Downgrades

ASML has been the subject of several research reports. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna cut their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday. Wells Fargo & Company cut their price target on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their price target on ASML from $1,202.00 to $1,207.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,071.80.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.