ASML (ASML) Set to Announce Quarterly Earnings on Wednesday

ASML (NASDAQ:ASML) is scheduled to be issuing its earnings data before the market opens on Wednesday, October 16th. Analysts expect the company to announce earnings of $5.47 per share for the quarter. ASML has set its Q3 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.37 earnings per share. On average, analysts expect ASML to post $20 EPS for the current fiscal year and $33 EPS for the next fiscal year.

ASML Stock Performance

Shares of ASML opened at $824.26 on Wednesday. ASML has a 52-week low of $573.86 and a 52-week high of $1,110.09. The firm has a market capitalization of $325.24 billion, a PE ratio of 42.19, a P/E/G ratio of 1.97 and a beta of 1.48. The firm has a 50-day moving average price of $847.87 and a 200 day moving average price of $927.86. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is currently 28.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company cut their price target on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Finally, Susquehanna increased their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,110.80.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.