Hon Hai Precision Industry Co., Ltd. Sponsored GDR (HNHPF) Expected to Announce Quarterly Earnings on Thursday

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) is expected to be issuing its results before the market opens on Thursday, November 12th. Analysts expect Hon Hai Precision Industry Co., Ltd. Sponsored GDR to post earnings of $0.3085 per share and revenue of $88.42 billion for the quarter.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Price Performance

Shares of OTCMKTS HNHPF opened at $14.55 on Tuesday. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a 1-year low of $11.50 and a 1-year high of $20.26. The business’s 50 day moving average is $15.50 and its two-hundred day moving average is $15.11.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an “overweight” rating and issued a $23.00 target price on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $23.00.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Company Profile

Hon Hai Precision Industry Co, Ltd., widely known as Foxconn, is a Taiwan-based electronics manufacturer and technology services provider. Founded in 1974 by Terry Gou, the company produces and assembles electronic products and components for other companies.

Its activities include manufacturing smartphones, computers, consumer electronics, and communications and cloud-networking equipment. Hon Hai also provides product design, engineering, supply-chain management, and related manufacturing services, and has expanded into areas such as electric vehicles and automotive components.

The company serves customers worldwide through operations and manufacturing sites across Asia, the Americas, and Europe.