ASE Technology (ASX) Scheduled to Post Earnings on Thursday

ASE Technology (NYSE:ASX) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 31st. Individual interested in listening to the company’s earnings conference call can do so using this link.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $4.33 billion during the quarter. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. During the same period last year, the firm earned $0.12 EPS. On average, analysts expect ASE Technology to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ASE Technology Stock Down 1.8 %

ASE Technology stock opened at $10.15 on Thursday. ASE Technology has a 52 week low of $7.33 and a 52 week high of $12.86. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 0.65 and a beta of 1.22. The business’s 50-day moving average price is $9.85 and its 200 day moving average price is $10.44. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.33.

Wall Street Analysts Forecast Growth

ASX has been the topic of several recent analyst reports. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.