Taiwan Semiconductor Mfg. (NYSE:TSM) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Taiwan Semiconductor Mfg. (NYSE:TSM) posted its earnings results on Thursday. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01), Morningstar.com reports. Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The firm had revenue of $241 billion for the quarter, compared to analysts’ expectations of $236.65 billion. During the same period in the previous year, the company earned $2.79 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Taiwan Semiconductor Mfg. updated its Q3 2019 guidance to EPS.
Shares of Taiwan Semiconductor Mfg. stock opened at $43.83 on Friday. The stock has a market cap of $223.99 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 3.41 and a beta of 1.03. Taiwan Semiconductor Mfg. has a twelve month low of $34.22 and a twelve month high of $45.64. The company has a 50-day moving average of $39.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 2.33.
The business also recently declared an annual dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, June 25th were paid a $1.2756 dividend. This represents a yield of 2.56%. The ex-dividend date of this dividend was Monday, June 24th. Taiwan Semiconductor Mfg.’s dividend payout ratio is presently 45.54%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, June 5th. Goldman Sachs Group set a €40.50 ($47.09) target price on shares of Koninklijke Philips and gave the stock a “buy” rating in a research note on Tuesday, May 7th. CLSA raised shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Taiwan Semiconductor Mfg. has a consensus rating of “Buy” and a consensus target price of $48.00.
Taiwan Semiconductor Mfg. Company Profile
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.
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