STMicroelectronics (STM) to Release Earnings on Thursday

STMicroelectronics (NYSE:STM) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

STMicroelectronics Trading Up 1.4 %

STM stock opened at $28.93 on Wednesday. STMicroelectronics has a one year low of $26.63 and a one year high of $51.27. The company has a market capitalization of $26.14 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 3.47 and a beta of 1.57. The company’s 50 day moving average price is $28.91 and its two-hundred day moving average price is $35.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.56 and a current ratio of 3.35.

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, December 17th. STMicroelectronics’s payout ratio is presently 9.63%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. TD Cowen reduced their price target on STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Susquehanna lowered their price objective on STMicroelectronics from $45.00 to $35.00 and set a “positive” rating for the company in a research report on Monday, October 21st. StockNews.com cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein decreased their target price on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, STMicroelectronics has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

STMicroelectronics Company Profile

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.