Himax Technologies (HIMX) Projected to Post Earnings on Tuesday

Himax Technologies (NASDAQ:HIMX - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Himax Technologies to post 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.Persons interested in listening to the company's earnings conference call can do so using this link.

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

Himax Technologies Price Performance

Shares of HIMX stock traded up $0.41 during midday trading on Friday, reaching $10.12. 5,490,559 shares of the company traded hands, compared to its average volume of 4,774,338. The firm's 50 day simple moving average is $7.89 and its two-hundred day simple moving average is $6.60. Himax Technologies has a 1-year low of $4.80 and a 1-year high of $13.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37. The firm has a market cap of $1.77 billion, a PE ratio of 23.00 and a beta of 1.94.

Himax Technologies announced that its board has initiated a share buyback plan on Wednesday, December 4th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

About Himax Technologies

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.