Tokyo Electron (OTCMKTS:TOELY) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Tokyo Electron (OTCMKTS:TOELY) announced its quarterly earnings data on Tuesday. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03, Zacks reports. Tokyo Electron had a net margin of 21.74% and a return on equity of 29.10%.

Tokyo Electron Stock Down 1.2%

TOELY stock opened at $110.00 on Thursday. The business has a fifty day moving average of $94.24 and a 200-day moving average of $85.90. The company has a market cap of $101.35 billion, a P/E ratio of 27.92 and a beta of 1.93. Tokyo Electron has a twelve month low of $58.17 and a twelve month high of $114.53.

Analyst Ratings Changes

Separately, Zacks Research upgraded Tokyo Electron from a “strong sell” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

About Tokyo Electron

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.