Tokyo Electron (OTCMKTS:TOELY) Posts Earnings Results, Beats Expectations By $0.04 EPS

Tokyo Electron (OTCMKTS:TOELY) released its quarterly earnings results on Thursday. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04, Zacks reports. Tokyo Electron had a return on equity of 24.61% and a net margin of 23.58%.The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.67 billion.

Tokyo Electron Stock Down 3.5%

TOELY opened at $167.37 on Friday. Tokyo Electron has a 52 week low of $66.10 and a 52 week high of $249.37. The company has a market cap of $156.67 billion, a PE ratio of 38.30 and a beta of 1.88. The business has a 50 day moving average price of $204.42 and a two-hundred day moving average price of $160.82.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Tokyo Electron Company Profile

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.