Zacks: Brokerages Expect ASML Holding NV (ASML) to Announce $1.92 Earnings Per Share

Wall Street brokerages predict that ASML Holding NV (NASDAQ:ASML) will report earnings of $1.92 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for ASML’s earnings, with estimates ranging from $1.87 to $1.96. ASML posted earnings per share of $1.77 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The company is expected to report its next quarterly earnings results on Wednesday, January 16th.

According to Zacks, analysts expect that ASML will report full year earnings of $6.98 per share for the current fiscal year, with EPS estimates ranging from $6.79 to $7.11. For the next financial year, analysts forecast that the firm will report earnings of $8.63 per share, with EPS estimates ranging from $7.98 to $9.29. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ASML.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 18th. The semiconductor company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. ASML had a net margin of 23.86% and a return on equity of 22.51%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the business earned $1.08 earnings per share. ASML’s revenue for the quarter was up 30.4% compared to the same quarter last year.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of ASML from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of ASML from a “sell” rating to a “buy” rating and set a $219.00 price target on the stock in a research report on Tuesday, July 3rd. DZ Bank reiterated a “sell” rating on shares of ASML in a research report on Friday, June 22nd. B. Riley boosted their price target on shares of ASML from $170.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research report on Wednesday, July 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $213.50.

Shares of ASML stock opened at $176.44 on Friday. The company has a current ratio of 2.73, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. ASML has a 52 week low of $168.30 and a 52 week high of $221.66. The stock has a market capitalization of $80.20 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 1.44 and a beta of 1.03.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Partners LLC raised its holdings in ASML by 12.6% during the 2nd quarter. Advisor Partners LLC now owns 2,087 shares of the semiconductor company’s stock worth $413,000 after buying an additional 234 shares during the period. Wetherby Asset Management Inc. raised its holdings in ASML by 5.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 5,466 shares of the semiconductor company’s stock worth $1,082,000 after buying an additional 266 shares during the period. United Services Automobile Association raised its holdings in ASML by 0.3% during the 2nd quarter. United Services Automobile Association now owns 122,186 shares of the semiconductor company’s stock worth $24,189,000 after buying an additional 315 shares during the period. CIBC Asset Management Inc raised its holdings in ASML by 12.2% during the 2nd quarter. CIBC Asset Management Inc now owns 2,926 shares of the semiconductor company’s stock worth $579,000 after buying an additional 319 shares during the period. Finally, Sheets Smith Wealth Management raised its holdings in ASML by 14.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,565 shares of the semiconductor company’s stock worth $508,000 after buying an additional 326 shares during the period. Hedge funds and other institutional investors own 16.66% of the company’s stock.

ASML Company Profile

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 three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.

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