Analysts predict that STMicroelectronics NV (NYSE:STM) will announce sales of $2.50 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for STMicroelectronics’ earnings. STMicroelectronics posted sales of $2.14 billion in the same quarter last year, which suggests a positive year over year growth rate of 16.8%. The company is scheduled to report its next earnings report on Thursday, October 25th.

On average, analysts expect that STMicroelectronics will report full year sales of $9.72 billion for the current financial year, with estimates ranging from $9.66 billion to $9.77 billion. For the next fiscal year, analysts forecast that the business will post sales of $10.56 billion per share, with estimates ranging from $10.53 billion to $10.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for STMicroelectronics.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Wednesday, July 25th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01). STMicroelectronics had a return on equity of 20.69% and a net margin of 11.48%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the business posted $0.17 earnings per share. STMicroelectronics’s revenue for the quarter was up 18.0% on a year-over-year basis.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of STMicroelectronics from a “hold” rating to a “sell” rating in a research note on Saturday, April 28th. Stifel Nicolaus lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd. Finally, Craig Hallum lowered their target price on shares of STMicroelectronics from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, July 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.15.

A number of hedge funds have recently made changes to their positions in STM. Bank of New York Mellon Corp purchased a new position in STMicroelectronics during the fourth quarter worth about $379,000. Wells Fargo & Company MN boosted its stake in STMicroelectronics by 47.4% during the first quarter. Wells Fargo & Company MN now owns 497,828 shares of the semiconductor producer’s stock worth $11,097,000 after buying an additional 160,095 shares during the period. Marco Investment Management LLC boosted its stake in STMicroelectronics by 3.8% during the first quarter. Marco Investment Management LLC now owns 66,105 shares of the semiconductor producer’s stock worth $1,473,000 after buying an additional 2,435 shares during the period. Dorsey Wright & Associates boosted its stake in STMicroelectronics by 36.3% during the first quarter. Dorsey Wright & Associates now owns 501,639 shares of the semiconductor producer’s stock worth $10,762,000 after buying an additional 133,464 shares during the period. Finally, Aperio Group LLC boosted its stake in STMicroelectronics by 3.7% during the first quarter. Aperio Group LLC now owns 401,691 shares of the semiconductor producer’s stock worth $8,954,000 after buying an additional 14,220 shares during the period. 4.01% of the stock is owned by institutional investors.

STMicroelectronics stock opened at $19.47 on Friday. STMicroelectronics has a 12-month low of $16.50 and a 12-month high of $26.43. The stock has a market cap of $18.32 billion, a P/E ratio of 19.87, a PEG ratio of 2.92 and a beta of 0.85. The company has a quick ratio of 1.65, a current ratio of 2.36 and a debt-to-equity ratio of 0.28.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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