ASML (NASDAQ:ASML) Announces Earnings Results, Beats Estimates By $0.14 EPS

ASML (NASDAQ:ASML) released its earnings results on Wednesday. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14, Briefing.com reports. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 51.37% and a net margin of 26.50%. ASML’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.37 earnings per share. ASML updated its Q3 2024 guidance to EPS.

ASML Trading Down 0.8 %

Shares of NASDAQ ASML opened at $924.15 on Friday. ASML has a one year low of $563.99 and a one year high of $1,110.09. The firm has a market capitalization of $364.66 billion, a PE ratio of 47.20, a PEG ratio of 1.97 and a beta of 1.49. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $1,006.93 and a two-hundred day moving average price of $935.63.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th will be given a dividend of $1.8732 per share. The ex-dividend date is Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 0.81%. ASML’s dividend payout ratio (DPR) is presently 32.53%.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of research analyst reports. Susquehanna lifted their target price on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. lifted their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday. Sanford C. Bernstein lowered their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Evercore ISI assumed coverage on ASML in a report on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company increased their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.