Brokerages Anticipate Himax Technologies, Inc. (HIMX) Will Announce Earnings of $0.02 Per Share
Analysts expect Himax Technologies, Inc. (NASDAQ:HIMX) to post earnings per share (EPS) of $0.02 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Himax Technologies’ earnings, with estimates ranging from $0.00 to $0.03. Himax Technologies reported earnings per share of $0.05 during the same quarter last year, which would indicate a negative year-over-year growth rate of 60%. The company is expected to issue its next quarterly earnings report on Thursday, November 8th.
According to Zacks, analysts expect that Himax Technologies will report full year earnings of $0.04 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.06. For the next financial year, analysts expect that the business will post earnings of $0.20 per share, with EPS estimates ranging from $0.05 to $0.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Himax Technologies.
Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, August 9th. The semiconductor company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $181.40 million for the quarter, compared to the consensus estimate of $181.78 million. Himax Technologies had a net margin of 3.66% and a return on equity of 6.12%. Himax Technologies’s revenue was up 19.6% on a year-over-year basis.
Shares of HIMX opened at $6.00 on Friday. The firm has a market cap of $1.06 billion, a P/E ratio of 37.50, a PEG ratio of 36.90 and a beta of -0.52. Himax Technologies has a 1-year low of $5.61 and a 1-year high of $13.95.
Several institutional investors have recently made changes to their positions in HIMX. Russell Investments Group Ltd. bought a new stake in shares of Himax Technologies in the second quarter valued at about $153,000. Sheets Smith Wealth Management bought a new stake in shares of Himax Technologies in the second quarter valued at about $183,000. Engineers Gate Manager LP bought a new stake in shares of Himax Technologies in the second quarter valued at about $201,000. WESPAC Advisors SoCal LLC bought a new stake in shares of Himax Technologies in the second quarter valued at about $227,000. Finally, First Manhattan Co. bought a new stake in shares of Himax Technologies in the third quarter valued at about $253,000. 23.43% of the stock is owned by institutional investors.
About Himax Technologies
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.
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