Tokyo Electron (TOELY) Expected to Announce Quarterly Earnings on Friday

Tokyo Electron (OTCMKTS:TOELY) is expected to post its results after the market closes on Friday, October 30th. Analysts expect Tokyo Electron to announce earnings of $1.36 per share and revenue of $5.53 billion for the quarter.

Tokyo Electron (OTCMKTS:TOELY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. Tokyo Electron had a net margin of 23.58% and a return on equity of 24.38%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.67 billion. On average, analysts expect Tokyo Electron to post $5.18 EPS for the current fiscal year and $7.01 EPS for the next fiscal year.

Tokyo Electron Price Performance

TOELY opened at $164.55 on Thursday. The stock has a market capitalization of $154.03 billion, a price-to-earnings ratio of 37.65 and a beta of 1.92. The firm has a 50 day moving average price of $166.86 and a 200-day moving average price of $163.10. Tokyo Electron has a twelve month low of $81.50 and a twelve month high of $249.37.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Tokyo Electron from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Tokyo Electron Company Profile

Tokyo Electron Limited is a Japanese manufacturer of semiconductor and flat-panel display production equipment. The company supplies tools used throughout the chip manufacturing process, including wafer coating and developing systems, plasma etch systems, deposition equipment, wafer cleaning systems and thermal processing equipment.

Its semiconductor equipment supports processes such as lithography, pattern formation, film deposition, etching and cleaning, which are used to manufacture integrated circuits and memory devices.