United Microelectronics (UMC) Expected to Announce Quarterly Earnings on Wednesday

United Microelectronics (NYSE:UMC - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.10 per share and revenue of $57.63 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $5.30 earnings per share. The business's quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts expect United Microelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

United Microelectronics Stock Performance

UMC traded down $0.05 during trading hours on Friday, hitting $6.81. The company's stock had a trading volume of 13,567,300 shares, compared to its average volume of 12,443,668. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. United Microelectronics has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The company has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $6.72. The firm has a market capitalization of $17.05 billion, a PE ratio of 11.73, a PEG ratio of 4.44 and a beta of 1.12.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UMC shares. Wedbush cut shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.40.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.