STMicroelectronics (STM) Expected to Announce Earnings on Thursday

STMicroelectronics (NYSE:STM) is anticipated to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $3,312,227.94 billion for the quarter. STMicroelectronics has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same period last year, the company posted $1.16 EPS. The company’s quarterly revenue was down 26.6% compared to the same quarter last year. On average, analysts expect STMicroelectronics to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

STMicroelectronics Price Performance

Shares of NYSE STM opened at $25.46 on Thursday. STMicroelectronics has a 1 year low of $23.66 and a 1 year high of $49.05. The stock has a market capitalization of $23.00 billion, a P/E ratio of 10.48, a P/E/G ratio of 4.47 and a beta of 1.52. The company’s 50-day moving average is $25.36 and its 200 day moving average is $28.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16.

STMicroelectronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.41%. STMicroelectronics’s dividend payout ratio (DPR) is 14.81%.

Analyst Upgrades and Downgrades

STM has been the topic of several recent research reports. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Barclays cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday. Susquehanna reissued a “positive” rating and set a $33.00 price objective on shares of STMicroelectronics in a research report on Thursday, November 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. Finally, BNP Paribas began coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.