Himax Technologies (HIMX) Expected to Announce Quarterly Earnings on Tuesday

Himax Technologies (NASDAQ:HIMX - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $221.09 million for the quarter. Himax Technologies has set its Q4 2024 guidance at 0.093-0.110 EPS and its Q4 guidance at $0.09-0.11 EPS.Investors that wish to listen to the company's conference call can do so using this link.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $222.40 million for the quarter, compared to analysts' expectations of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. The company's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS.

Himax Technologies Stock Performance

Shares of Himax Technologies stock traded up $0.25 during trading on Tuesday, reaching $9.53. The company's stock had a trading volume of 6,026,521 shares, compared to its average volume of 5,367,321. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. The business's 50-day moving average price is $7.45 and its 200-day moving average price is $6.54. Himax Technologies has a 52 week low of $4.80 and a 52 week high of $13.91. The firm has a market cap of $1.67 billion, a PE ratio of 21.66 and a beta of 1.94.

Himax Technologies announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 4th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Separately, Robert W. Baird raised their target price on shares of Himax Technologies from $7.00 to $15.00 and gave the stock an "outperform" rating in a report on Friday, December 13th.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.