STMicroelectronics (STM) Projected to Post Quarterly Earnings on Thursday

STMicroelectronics (NYSE:STM) is anticipated to release its earnings data before the market opens on Thursday, January 30th. Analysts expect STMicroelectronics to post earnings of $0.35 per share and revenue of $3,312,227.94 billion for the quarter. STMicroelectronics has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business’s quarterly revenue was down 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. On average, analysts expect STMicroelectronics to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

STMicroelectronics Trading Down 1.1 %

STMicroelectronics stock opened at $25.46 on Thursday. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. STMicroelectronics has a 12-month low of $23.66 and a 12-month high of $49.05. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 4.47 and a beta of 1.52. The firm has a 50 day moving average of $25.36 and a 200 day moving average of $28.92.

STMicroelectronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.41%. STMicroelectronics’s dividend payout ratio (DPR) is presently 14.81%.

Wall Street Analysts Forecast Growth

STM has been the subject of a number of analyst reports. Susquehanna reiterated a “positive” rating and issued a $33.00 price target on shares of STMicroelectronics in a research note on Thursday, November 21st. TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and lowered their target price for the stock from $32.00 to $25.00 in a report on Monday, January 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Citigroup upgraded shares of STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. Finally, BNP Paribas initiated coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, STMicroelectronics has a consensus rating of “Hold” and an average price target of $34.11.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.