ASML Holding N.V. (ASML) Expected to Post Quarterly Sales of $2.52 Billion
Wall Street analysts expect ASML Holding N.V. (NASDAQ:ASML) to report $2.52 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for ASML Holding N.V.’s earnings, with the lowest sales estimate coming in at $2.46 billion and the highest estimate coming in at $2.58 billion. ASML Holding N.V. posted sales of $2.02 billion in the same quarter last year, which would indicate a positive year over year growth rate of 24.8%. The business is expected to announce its next earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that ASML Holding N.V. will report full year sales of $2.52 billion for the current fiscal year, with estimates ranging from $9.39 billion to $9.82 billion. For the next year, analysts anticipate that the firm will report sales of $11.25 billion per share, with estimates ranging from $10.91 billion to $11.67 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for ASML Holding N.V..
ASML Holding N.V. (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. ASML Holding N.V. had a net margin of 23.69% and a return on equity of 18.48%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business posted $0.83 EPS. The company’s quarterly revenue was up 20.7% on a year-over-year basis.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of ASML Holding N.V. in a report on Wednesday, May 31st. Royal Bank Of Canada lifted their target price on ASML Holding N.V. from $135.00 to $155.00 and gave the stock a “sector perform” rating in a report on Thursday, July 20th. Bank of America Corporation reissued a “buy” rating and set a $165.00 target price (up previously from $140.00) on shares of ASML Holding N.V. in a report on Sunday, June 25th. Finally, B. Riley reissued a “neutral” rating and set a $162.00 target price on shares of ASML Holding N.V. in a report on Saturday, July 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. ASML Holding N.V. presently has an average rating of “Buy” and a consensus price target of $158.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of ASML. US Bancorp DE increased its position in ASML Holding N.V. by 1.9% in the first quarter. US Bancorp DE now owns 5,188 shares of the semiconductor company’s stock worth $688,000 after buying an additional 96 shares during the period. Checchi Capital Advisers LLC increased its position in shares of ASML Holding N.V. by 0.4% in the first quarter. Checchi Capital Advisers LLC now owns 2,444 shares of the semiconductor company’s stock valued at $325,000 after buying an additional 10 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of ASML Holding N.V. by 2.8% in the first quarter. Advisors Asset Management Inc. now owns 6,297 shares of the semiconductor company’s stock valued at $836,000 after buying an additional 169 shares during the last quarter. First Trust Advisors LP increased its position in shares of ASML Holding N.V. by 307.9% in the first quarter. First Trust Advisors LP now owns 51,734 shares of the semiconductor company’s stock valued at $6,870,000 after buying an additional 39,050 shares during the last quarter. Finally, Trillium Asset Management LLC increased its position in shares of ASML Holding N.V. by 0.9% in the first quarter. Trillium Asset Management LLC now owns 36,798 shares of the semiconductor company’s stock valued at $4,887,000 after buying an additional 329 shares during the last quarter. 16.71% of the stock is owned by institutional investors and hedge funds.
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ASML Holding N.V. (ASML) traded up 0.50% on Friday, hitting $154.22. 535,322 shares of the stock traded hands. The stock has a 50-day moving average of $149.30 and a 200-day moving average of $134.97. ASML Holding N.V. has a 12-month low of $98.71 and a 12-month high of $155.73.
ASML Holding N.V. declared that its board has approved a share buyback plan on Wednesday, July 19th that authorizes the company to repurchase shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
ASML Holding N.V. Company Profile
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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