United Microelectronics (UMC) Projected to Post Earnings on Wednesday

United Microelectronics (NYSE:UMC) is projected to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect United Microelectronics to post earnings of $0.15 per share and revenue of $1,871,370.00 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.30 EPS. 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 Down 2.3 %

United Microelectronics stock opened at $5.71 on Monday. United Microelectronics has a fifty-two week low of $5.67 and a fifty-two week high of $9.00. The firm has a market capitalization of $14.30 billion, a PE ratio of 9.84, a P/E/G ratio of 3.88 and a beta of 1.17. The company’s 50-day moving average is $6.52 and its 200-day moving average is $7.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UMC. The Goldman Sachs Group cut United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective for the company. in a research report on Thursday, October 17th. JPMorgan Chase & Co. cut shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley lowered shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. Citigroup downgraded shares of United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. Finally, StockNews.com cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.40.

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.