Tokyo Electron (OTCMKTS:TOELY) Updates FY 2022 Earnings Guidance

Tokyo Electron (OTCMKTS:TOELY) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $21.640-$21.640 for the period. The company issued revenue guidance of $16.84 billion-$16.84 billion.

Shares of OTCMKTS TOELY opened at $126.00 on Wednesday. Tokyo Electron has a 12 month low of $60.04 and a 12 month high of $128.12. The firm has a market capitalization of $79.23 billion, a PE ratio of 29.37 and a beta of 1.14. The firm has a fifty day simple moving average of $106.49 and a two-hundred day simple moving average of $107.17.

TOELY has been the subject of several research reports. Zacks Investment Research upgraded shares of Tokyo Electron from a hold rating to a buy rating and set a $115.00 price objective for the company in a report on Friday, August 27th. Mizuho lowered shares of Tokyo Electron from a buy rating to a neutral rating in a report on Wednesday, August 18th.

Tokyo Electron Company Profile

Tokyo Electron Ltd. engages in the development, manufacture, and sale of semiconductor production equipment and industrial electronics products for flat panel display manufacturing equipment. It operates through the following segments: Semiconductor Production Equipment (SPE), Flat Panel Display (FPD) Production Equipment and Others.

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Earnings History and Estimates for Tokyo Electron (OTCMKTS:TOELY)

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