United Microelectronics Corporation (UMC) to Release Quarterly Earnings on Wednesday
United Microelectronics Corporation (NYSE:UMC) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 25th.
United Microelectronics Corporation (NYSE:UMC) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $37.54 billion for the quarter, compared to analyst estimates of $37.15 billion. United Microelectronics Corporation had a net margin of 6.52% and a return on equity of 4.58%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, analysts expect United Microelectronics Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of United Microelectronics Corporation (UMC) opened at 2.63 on Wednesday. The stock’s 50 day moving average is $2.59 and its 200-day moving average is $2.25. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 20.23 and a beta of 0.60. United Microelectronics Corporation has a 52 week low of $1.74 and a 52 week high of $2.73.
A number of research analysts have recently commented on the stock. UBS AG upgraded shares of United Microelectronics Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, June 28th. BidaskClub upgraded shares of United Microelectronics Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Nomura cut shares of United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a report on Friday, June 30th. Sanford C. Bernstein cut shares of United Microelectronics Corporation from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $1.90 to $2.10 in a report on Thursday, July 27th. Finally, Credit Suisse Group cut shares of United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Eight research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $2.10.
About United Microelectronics Corporation
United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.
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