STMicroelectronics (STM) Set to Announce Quarterly Earnings on Thursday

STMicroelectronics (NYSE:STM - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect STMicroelectronics to post earnings of $0.32 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, July 25th. The semiconductor producer reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.55 billion. STMicroelectronics had a net margin of 19.68% and a return on equity of 18.18%. STMicroelectronics's quarterly revenue was down 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 EPS. On average, analysts expect STMicroelectronics to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

STMicroelectronics Price Performance

STMicroelectronics stock traded up $0.26 during mid-day trading on Thursday, hitting $28.16. The stock had a trading volume of 4,164,754 shares, compared to its average volume of 3,855,971. The firm has a market capitalization of $25.44 billion, a P/E ratio of 8.66, a P/E/G ratio of 3.40 and a beta of 1.57. The company has a current ratio of 3.35, a quick ratio of 2.56 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $29.11 and its 200 day moving average is $36.04. STMicroelectronics has a one year low of $26.63 and a one year high of $51.27.

STMicroelectronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, December 17th. STMicroelectronics's dividend payout ratio is currently 9.63%.

Wall Street Analysts Forecast Growth

STM has been the subject of several research reports. Morgan Stanley downgraded shares of STMicroelectronics from an "overweight" rating to an "equal weight" rating in a report on Friday, July 26th. StockNews.com lowered STMicroelectronics from a "buy" rating to a "hold" rating in a research report on Thursday, September 19th. Citigroup upgraded STMicroelectronics to a "strong-buy" rating in a research report on Thursday, October 10th. Sanford C. Bernstein cut their price objective on STMicroelectronics from $54.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, July 30th. Finally, Craig Hallum cut their price objective on STMicroelectronics from $48.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, STMicroelectronics currently has an average rating of "Moderate Buy" and a consensus target price of $39.80.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.