Samsung Electronics (SSNLF) Projected to Post Quarterly Earnings on Thursday

Samsung Electronics (OTCMKTS:SSNLF) is expected to be announcing its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $7.14 per share and revenue of $109.7434 billion for the quarter.

Samsung Electronics Stock Performance

Shares of SSNLF stock opened at $140.00 on Tuesday. The stock has a 50 day moving average of $140.00 and a 200 day moving average of $102.60. The stock has a market cap of $18.07 billion, a P/E ratio of 52.24 and a beta of 0.88. Samsung Electronics has a twelve month low of $65.21 and a twelve month high of $140.00.

Analyst Upgrades and Downgrades

Separately, Erste Group Bank lowered Samsung Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Samsung Electronics presently has an average rating of “Buy”.

Samsung Electronics Company Profile

Samsung Electronics Co, Ltd. is a South Korean multinational technology company headquartered in Suwon, South Korea. As a core subsidiary of the Samsung Group, the company designs, develops and manufactures a broad range of consumer electronics, mobile communications devices and semiconductor products. Its diversified portfolio spans televisions and home appliances, smartphones and network equipment, as well as memory and system LSI chips used across data centers and automotive platforms.

In the consumer electronics segment, Samsung is known for high-definition TVs, monitors, refrigerators, washing machines and air conditioners, incorporating smart connectivity and energy-efficient technologies.