ASML (NASDAQ:ASML) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS
ASML (NASDAQ:ASML) posted its earnings results on Wednesday. The semiconductor company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.18, Morningstar.com reports. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.57 billion. ASML had a net margin of 23.08% and a return on equity of 21.31%. During the same period in the prior year, the business posted $1.37 earnings per share. ASML updated its Q3 2019 guidance to EPS.
ASML traded down $2.65 during midday trading on Friday, reaching $224.00. 20,794 shares of the company’s stock were exchanged, compared to its average volume of 574,160. The company has a market cap of $91.70 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 2.17 and a beta of 1.21. The company has a quick ratio of 1.87, a current ratio of 2.78 and a debt-to-equity ratio of 0.26. ASML has a one year low of $144.50 and a one year high of $226.99. The company’s 50-day moving average is $201.91.
ASML has been the topic of a number of recent research reports. New Street Research downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Thursday. Royal Bank of Canada lifted their target price on Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a research report on Tuesday. Santander raised Loma Negra Compania Indl Argentina from an “underperform” rating to a “hold” rating in a research report on Monday. Goldman Sachs Group set a GBX 4,300 ($56.19) target price on ASOS and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $206.50.
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.
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