ASML (ASML) to Release Quarterly Earnings on Wednesday

ASML (NASDAQ:ASML) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 16th. Analysts expect ASML to post earnings of $5.47 per share for the quarter. ASML has set its Q3 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period last year, the firm posted $5.37 earnings per share. On average, analysts expect ASML to post $20 EPS for the current fiscal year and $34 EPS for the next fiscal year.

ASML Stock Performance

NASDAQ ASML opened at $872.27 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML has a 1-year low of $573.86 and a 1-year high of $1,110.09. The company has a market cap of $344.19 billion, a PE ratio of 44.55, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The stock’s 50 day simple moving average is $846.01 and its 200-day simple moving average is $923.22.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a $1.8732 dividend. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio (DPR) is currently 28.50%.

Analysts Set New Price Targets

ASML has been the topic of a number of analyst reports. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,202.00 to $1,207.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,071.80.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.