Semiconductor Manufacturing Int’l (SMI) Announces Quarterly Earnings Results
Semiconductor Manufacturing Int’l (NYSE:SMI) issued its earnings results on Thursday. The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04, Briefing.com reports. Semiconductor Manufacturing Int’l had a return on equity of 2.19% and a net margin of 4.44%. The company had revenue of $890.71 million for the quarter, compared to analyst estimates of $877.14 million. During the same period in the prior year, the firm posted $0.04 EPS. The business’s revenue was up 18.6% compared to the same quarter last year.
Shares of NYSE SMI opened at $6.24 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.81 and a debt-to-equity ratio of 0.42. The stock has a market cap of $5.53 billion, a PE ratio of 31.20 and a beta of 0.04. Semiconductor Manufacturing Int’l has a 52 week low of $4.50 and a 52 week high of $9.14.
Several research analysts have weighed in on the company. ValuEngine raised Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating in a research report on Thursday. Nomura raised Semiconductor Manufacturing Int’l from a “reduce” rating to a “neutral” rating in a research report on Friday, May 11th. Finally, Credit Suisse Group raised Semiconductor Manufacturing Int’l from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 10th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Semiconductor Manufacturing Int’l presently has a consensus rating of “Hold”.
Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services. The company offers various types of semiconductors, including logic, mixed-signal and radio frequency, power IC, microprocessor, memory related, optoelectronics, other sensors, discrete, and others.
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