STMicroelectronics (STM) Expected to Announce Earnings on Thursday

STMicroelectronics (NYSE:STM - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $3.31 billion for the quarter. STMicroelectronics has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Investors interested in listening to the company's conference call can do so using this link.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. STMicroelectronics's revenue for the quarter was down 26.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, analysts expect STMicroelectronics to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

STMicroelectronics Stock Down 2.4 %

Shares of NYSE:STM traded down $0.61 on Tuesday, hitting $24.58. 10,107,653 shares of the company's stock were exchanged, compared to its average volume of 6,135,923. STMicroelectronics has a 1-year low of $23.66 and a 1-year high of $49.05. The company has a market capitalization of $22.20 billion, a PE ratio of 10.11, a P/E/G ratio of 4.48 and a beta of 1.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. The firm's 50-day moving average is $25.36 and its 200 day moving average is $28.47.

STMicroelectronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics's dividend payout ratio (DPR) is 12.76%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna restated a "positive" rating and set a $33.00 price objective on shares of STMicroelectronics in a research report on Thursday, November 21st. Morgan Stanley cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Monday, November 4th. TD Cowen lowered STMicroelectronics from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $32.00 to $25.00 in a report on Monday, January 13th. Barclays downgraded STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of STMicroelectronics in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, STMicroelectronics presently has a consensus rating of "Hold" and a consensus price target of $34.11.

About STMicroelectronics

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.