Analysts predict that STMicroelectronics N.V. (NYSE:STM) will announce earnings of $0.35 per share for the current quarter, according to Zacks. Two analysts have made estimates for STMicroelectronics’ earnings, with estimates ranging from $0.33 to $0.37. STMicroelectronics reported earnings of $0.16 per share during the same quarter last year, which would indicate a positive year over year growth rate of 118.8%. The business is scheduled to report its next earnings results on Thursday, January 25th.

On average, analysts expect that STMicroelectronics will report full-year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $0.94. For the next financial year, analysts expect that the business will post earnings of $1.26 per share, with EPS estimates ranging from $1.17 to $1.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover STMicroelectronics.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.10 billion. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share.

A number of equities research analysts recently issued reports on the company. Craig Hallum reissued a “buy” rating on shares of STMicroelectronics in a research report on Wednesday, September 13th. Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Tuesday, October 31st. Finally, ValuEngine downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. STMicroelectronics currently has a consensus rating of “Buy” and an average price target of $21.88.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STM. JPMorgan Chase & Co. boosted its holdings in shares of STMicroelectronics by 1,004.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,673 shares of the semiconductor producer’s stock valued at $18,718,000 after acquiring an additional 1,183,788 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of STMicroelectronics by 17.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,651 shares of the semiconductor producer’s stock valued at $111,224,000 after acquiring an additional 1,151,164 shares in the last quarter. Highbridge Capital Management LLC boosted its holdings in shares of STMicroelectronics by 154.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 1,835,000 shares of the semiconductor producer’s stock valued at $35,636,000 after acquiring an additional 1,112,500 shares in the last quarter. Quentec Asset Management LLC boosted its holdings in shares of STMicroelectronics by 121.7% during the 2nd quarter. Quentec Asset Management LLC now owns 1,835,373 shares of the semiconductor producer’s stock valued at $26,393,000 after acquiring an additional 1,007,467 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of STMicroelectronics by 968.8% during the 2nd quarter. State Street Corp now owns 558,500 shares of the semiconductor producer’s stock valued at $8,031,000 after acquiring an additional 506,247 shares in the last quarter. 5.06% of the stock is currently owned by institutional investors.

Shares of STMicroelectronics (STM) traded up $0.03 during trading hours on Friday, reaching $21.92. The company had a trading volume of 4,601,563 shares, compared to its average volume of 4,507,129. The firm has a market capitalization of $20,224.87, a P/E ratio of 30.41, a P/E/G ratio of 4.83 and a beta of 0.78. STMicroelectronics has a 1-year low of $10.06 and a 1-year high of $24.80. The company has a quick ratio of 1.73, a current ratio of 2.29 and a debt-to-equity ratio of 0.33.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Tuesday, December 19th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, December 18th. STMicroelectronics’s dividend payout ratio is presently 29.41%.

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STMicroelectronics Company Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

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Earnings History and Estimates for STMicroelectronics (NYSE:STM)

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