United Microelectronics (UMC) Scheduled to Post Quarterly Earnings on Wednesday

United Microelectronics (NYSE:UMC) is scheduled to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect United Microelectronics to post earnings of $0.15 per share for the quarter. Persons that wish to register for the company’s conference call can do so using this link.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.71 billion. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. During the same quarter last year, the business posted $0.20 earnings per share. On average, analysts expect United Microelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

United Microelectronics Stock Up 0.5 %

NYSE UMC opened at $7.75 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 1.66. United Microelectronics has a 52 week low of $7.02 and a 52 week high of $9.00. The stock has a market capitalization of $19.42 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 4.15 and a beta of 1.18. The stock has a fifty day moving average of $8.37 and a 200-day moving average of $8.29.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price target for the company. in a research report on Thursday, October 17th.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.