ASML Holding N.V. (NASDAQ:ASML) Expected to Post Quarterly Sales of $2.52 Billion
Equities analysts forecast that ASML Holding N.V. (NASDAQ:ASML) will announce $2.52 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for ASML Holding N.V.’s earnings. The highest sales estimate is $2.58 billion and the lowest is $2.46 billion. ASML Holding N.V. posted sales of $2.02 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that ASML Holding N.V. will report full-year sales of $2.52 billion for the current fiscal year, with estimates ranging from $9.39 billion to $9.82 billion. For the next financial year, analysts anticipate that the company will post sales of $11.25 billion per share, with estimates ranging from $10.91 billion to $11.67 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover ASML Holding N.V..
ASML Holding N.V. (NASDAQ:ASML) last posted its earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.99 billion. ASML Holding N.V. had a return on equity of 18.48% and a net margin of 23.69%. ASML Holding N.V.’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share.
Several analysts have weighed in on the company. B. Riley reaffirmed a “neutral” rating and set a $122.00 target price on shares of ASML Holding N.V. in a research note on Tuesday, April 25th. Zacks Investment Research upgraded ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of ASML Holding N.V. in a research report on Wednesday, May 31st. Cowen and Company reiterated an “outperform” rating on shares of ASML Holding N.V. in a research report on Sunday, April 23rd. Finally, Royal Bank Of Canada lifted their price target on ASML Holding N.V. from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 20th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $158.00.
Several institutional investors have recently modified their holdings of the company. Assetmark Inc. boosted its position in shares of ASML Holding N.V. by 0.3% in the first quarter. Assetmark Inc. now owns 1,634 shares of the semiconductor company’s stock worth $217,000 after buying an additional 5 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of ASML Holding N.V. by 0.4% in the first quarter. Checchi Capital Advisers LLC now owns 2,444 shares of the semiconductor company’s stock worth $325,000 after buying an additional 10 shares during the last quarter. Homrich & Berg boosted its position in shares of ASML Holding N.V. by 1.1% in the first quarter. Homrich & Berg now owns 2,916 shares of the semiconductor company’s stock worth $387,000 after buying an additional 31 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of ASML Holding N.V. by 8.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock worth $143,000 after buying an additional 86 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of ASML Holding N.V. by 1.9% in the first quarter. US Bancorp DE now owns 5,188 shares of the semiconductor company’s stock worth $688,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 16.78% of the company’s stock.
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Shares of ASML Holding N.V. (NASDAQ ASML) opened at 154.42 on Tuesday. ASML Holding N.V. has a 12-month low of $98.71 and a 12-month high of $155.73. The firm has a market cap of $66.48 billion, a price-to-earnings ratio of 30.18 and a beta of 1.09.
ASML Holding N.V. declared that its Board of Directors has initiated a share buyback program on Wednesday, July 19th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
ASML Holding N.V. Company Profile
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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