Amkor Technology (AMKR) Projected to Post Earnings on Monday

Amkor Technology (NASDAQ:AMKR) is anticipated to post its quarterly earnings results before the market opens on Monday, February 3rd. Analysts expect Amkor Technology to post earnings of $0.38 per share and revenue of $1,662,030.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. On average, analysts expect Amkor Technology to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amkor Technology Trading Down 0.8 %

Amkor Technology stock opened at $25.69 on Monday. Amkor Technology has a 12-month low of $24.10 and a 12-month high of $44.86. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 17.36 and a beta of 1.83. The firm has a 50 day moving average of $26.12 and a 200 day moving average of $29.62. The company has a current ratio of 2.06, a quick ratio of 1.84 and a debt-to-equity ratio of 0.21.

Amkor Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 4th were paid a $0.0827 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This is a boost from Amkor Technology’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.29%. Amkor Technology’s dividend payout ratio is 22.30%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price objective on Amkor Technology from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Morgan Stanley decreased their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. DA Davidson dropped their price target on Amkor Technology from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Finally, Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and cut their price objective for the company from $34.00 to $30.00 in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Amkor Technology presently has an average rating of “Hold” and a consensus target price of $35.50.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.