Hon Hai Precision Industry Co., Ltd. Sponsored GDR (HNHPF) Expected to Announce Earnings on Wednesday

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) will likely be releasing its results before the market opens on Wednesday, August 12th. Analysts expect Hon Hai Precision Industry Co., Ltd. Sponsored GDR to post earnings of $0.2597 per share and revenue of $75.7769 billion for the quarter.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Stock Up 4.1%

OTCMKTS:HNHPF opened at $16.15 on Wednesday. The firm’s fifty day simple moving average is $16.20 and its 200-day simple moving average is $14.81. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a fifty-two week low of $11.50 and a fifty-two week high of $20.26.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an “overweight” rating and set a $22.00 price objective on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $22.00.

About Hon Hai Precision Industry Co., Ltd. Sponsored GDR

Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a leading global electronics contract manufacturer and technology solutions provider. The company specializes in the design, development and assembly of a wide range of electronic products, including smartphones, tablets, personal computers, servers and networking equipment. Alongside its core manufacturing services, Hon Hai offers turnkey production capabilities, encompassing engineering, supply chain management and after-sales support for original equipment manufacturers (OEMs) and brand owners.

Founded in 1974 by Terry Gou and headquartered in Tucheng District, New Taipei City, Taiwan, Hon Hai has grown from a single factory operation into one of the world’s largest private employers.