ASML Holding (ASML) Expected to Announce Quarterly Sales of $2.68 Billion

Brokerages expect that ASML Holding (NASDAQ:ASML) will announce $2.68 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for ASML’s earnings. The lowest sales estimate is $2.60 billion and the highest is $2.76 billion. ASML posted sales of $2.07 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.5%. The business is scheduled to report its next earnings results before the market opens on Wednesday, April 18th.

On average, analysts expect that ASML will report full year sales of $12.64 billion for the current fiscal year, with estimates ranging from $12.15 billion to $13.01 billion. For the next financial year, analysts forecast that the firm will report sales of $13.97 billion per share, with estimates ranging from $13.71 billion to $14.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow ASML.

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ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.52. ASML had a return on equity of 21.16% and a net margin of 24.28%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the business earned $1.23 EPS. The business’s revenue was up 34.3% on a year-over-year basis.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded ASML from a “sell” rating to a “hold” rating and set a $201.00 price objective on the stock in a research note on Tuesday, January 2nd. B. Riley lifted their target price on ASML from $166.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. BidaskClub upgraded ASML from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. ValuEngine upgraded ASML from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Royal Bank of Canada lifted their target price on ASML to $210.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ASML currently has a consensus rating of “Buy” and a consensus target price of $196.29.

NASDAQ:ASML traded up $4.80 during trading hours on Friday, hitting $211.50. 655,094 shares of the company traded hands, compared to its average volume of 1,027,587. The company has a current ratio of 2.70, a quick ratio of 1.81 and a debt-to-equity ratio of 0.28. ASML has a one year low of $126.03 and a one year high of $216.00. The stock has a market cap of $87,893.37, a PE ratio of 37.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17.

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 30th will be paid a dividend of $1.7181 per share. This represents a dividend yield of 0.84%. This is a boost from ASML’s previous annual dividend of $0.71. The ex-dividend date of this dividend is Friday, April 27th. ASML’s payout ratio is presently 19.93%.

ASML announced that its board has approved a share buyback program on Wednesday, January 17th that allows the company to buyback outstanding shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. Fisher Asset Management LLC increased its holdings in ASML by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 2,075,281 shares of the semiconductor company’s stock worth $360,725,000 after acquiring an additional 57,055 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in ASML by 5.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 515,306 shares of the semiconductor company’s stock valued at $88,220,000 after buying an additional 25,949 shares in the last quarter. Worth Venture Partners LLC purchased a new position in ASML during the 4th quarter valued at about $278,000. Delek Group Ltd. purchased a new position in ASML during the 4th quarter valued at about $111,000. Finally, Jennison Associates LLC purchased a new position in ASML during the 4th quarter valued at about $470,000. Institutional investors own 16.90% of the company’s stock.

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About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.

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Earnings History and Estimates for ASML (NASDAQ:ASML)

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