GlobalFoundries (GFS) to Release Quarterly Earnings on Tuesday

GlobalFoundries (NASDAQ:GFS) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

GlobalFoundries Stock Down 0.4 %

Shares of GFS opened at $38.45 on Monday. The firm has a market cap of $21.22 billion, a P/E ratio of 28.69, a PEG ratio of 8.23 and a beta of 1.56. GlobalFoundries has a 12 month low of $35.85 and a 12 month high of $61.98. The stock’s 50 day moving average is $42.63 and its two-hundred day moving average is $42.49. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19.

Analysts Set New Price Targets

A number of brokerages have commented on GFS. Citigroup reduced their target price on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reiterated a “hold” rating on shares of GlobalFoundries in a research report on Wednesday, November 6th. UBS Group started coverage on GlobalFoundries in a report on Wednesday, November 20th. They issued a “neutral” rating and a $47.00 price objective on the stock. Evercore ISI dropped their target price on shares of GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Susquehanna decreased their price target on shares of GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.21.

About GlobalFoundries

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.