United Microelectronics (UMC) to Release Earnings on Wednesday

United Microelectronics (NYSE:UMCGet Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $1,871,370.00 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

United Microelectronics (NYSE:UMCGet Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $5.30 EPS. On average, analysts expect United Microelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

United Microelectronics Stock Performance

Shares of NYSE:UMC opened at $5.71 on Monday. United Microelectronics has a 1 year low of $5.67 and a 1 year high of $9.00. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 3.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The company’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $7.53.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UMC shares. JPMorgan Chase & Co. cut United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley downgraded shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective on the stock. in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, United Microelectronics presently has an average rating of “Hold” and an average target price of $7.40.

Check Out Our Latest Research Report on UMC

United Microelectronics Company Profile

(Get Free Report)

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.

Further Reading

Earnings History for United Microelectronics (NYSE:UMC)

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