Infineon Technologies (IFNNY) Expected to Release Earnings on Tuesday

Infineon Technologies (OTCMKTS:IFNNY) is anticipated to issue its results before the market opens on Tuesday, November 10th. Analysts expect the company to announce earnings of $0.68 per share and revenue of $5.33 billion for the quarter.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.76 billion. On average, analysts expect Infineon Technologies to post $2.00 EPS for the current fiscal year and $3.23 EPS for the next fiscal year.

Infineon Technologies Trading Up 3.5%

OTCMKTS IFNNY traded up $2.01 on Tuesday, hitting $58.95. 61,965 shares of the stock were exchanged, compared to its average volume of 397,724. Infineon Technologies has a 52-week low of $36.10 and a 52-week high of $103.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.97. The company has a market capitalization of $76.82 billion, a price-to-earnings ratio of 52.17, a P/E/G ratio of 0.42 and a beta of 2.26. The company’s 50-day moving average price is $63.76 and its two-hundred day moving average price is $65.23.

Wall Street Analyst Weigh In

Several analysts have recently commented on IFNNY shares. DZ Bank raised Infineon Technologies to a “strong-buy” rating in a research report on Thursday, August 27th. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Infineon Technologies Company Profile

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company’s products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.