Home Online Earning STMicroelectronics (STM) Earning Somewhat Favorable News Coverage, Accern Reports

STMicroelectronics (STM) Earning Somewhat Favorable News Coverage, Accern Reports

7 min read

Headlines about STMicroelectronics (NYSE:STM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. STMicroelectronics earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news headlines about the semiconductor producer an impact score of 46.0935785808515 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have effected Accern’s scoring:

Shares of STMicroelectronics (NYSE STM) opened at $21.62 on Monday. STMicroelectronics has a one year low of $10.67 and a one year high of $24.80. The stock has a market cap of $19,696.47, a price-to-earnings ratio of 29.62, a P/E/G ratio of 4.71 and a beta of 0.78. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.10 billion. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. analysts expect that STMicroelectronics will post 0.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Tuesday, December 19th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, December 18th. STMicroelectronics’s payout ratio is currently 29.41%.

STM has been the topic of a number of research reports. Craig Hallum reissued a “buy” rating on shares of STMicroelectronics in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, October 31st. Finally, ValuEngine downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.88.

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About STMicroelectronics

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

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