Tokyo Electron Limited (OTCMKTS:TOELY) – Analysts at Jefferies Financial Group lowered their FY2022 earnings estimates for Tokyo Electron in a research report issued to clients and investors on Tuesday, January 11th. Jefferies Financial Group analyst M. Nakanomyo now expects that the company will earn $6.25 per share for the year, down from their previous forecast of $6.44. Jefferies Financial Group also issued estimates for Tokyo Electron’s FY2023 earnings at $6.93 EPS and FY2024 earnings at $7.42 EPS.
Separately, Zacks Investment Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating and set a $158.00 price objective for the company in a research note on Tuesday, November 23rd.
About Tokyo Electron
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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