Zacks: Analysts Anticipate Himax Technologies, Inc. (HIMX) to Announce $0.07 Earnings Per Share
Equities research analysts predict that Himax Technologies, Inc. (NASDAQ:HIMX) will announce earnings per share of $0.07 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Himax Technologies’ earnings. The highest EPS estimate is $0.14 and the lowest is $0.03. Himax Technologies reported earnings of $0.14 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The company is expected to report its next earnings results on Tuesday, February 12th.
On average, analysts expect that Himax Technologies will report full year earnings of $0.10 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.20. For the next year, analysts expect that the company will report earnings of $0.08 per share, with EPS estimates ranging from $0.07 to $0.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Himax Technologies.
Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, November 8th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Himax Technologies had a net margin of 3.31% and a return on equity of 5.56%. The company had revenue of $188.40 million during the quarter, compared to analysts’ expectations of $188.20 million. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year.
HIMX stock traded up $0.06 during mid-day trading on Friday, reaching $3.74. 3,876,271 shares of the stock traded hands, compared to its average volume of 2,899,978. Himax Technologies has a 52 week low of $3.60 and a 52 week high of $11.82. The stock has a market capitalization of $633.34 million, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 4.91 and a beta of -0.34.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP bought a new stake in shares of Himax Technologies in the third quarter valued at about $100,000. Stelac Advisory Services LLC bought a new stake in shares of Himax Technologies in the third quarter valued at about $110,000. Russell Investments Group Ltd. bought a new stake in shares of Himax Technologies in the second quarter valued at about $153,000. Engineers Gate Manager LP bought a new stake in shares of Himax Technologies in the second quarter valued at about $201,000. Finally, WESPAC Advisors SoCal LLC bought a new position in Himax Technologies during the second quarter worth about $227,000. Institutional investors and hedge funds own 19.55% of the company’s stock.
Himax Technologies Company Profile
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.