United Microelectronics (UMC) Expected to Announce Quarterly Earnings on Wednesday

United Microelectronics (NYSE:UMC) is expected to be posting its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect United Microelectronics to post earnings of $0.10 per share and revenue of $57.63 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business earned $5.30 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts expect United Microelectronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

United Microelectronics Trading Down 0.7 %

Shares of UMC stock opened at $6.81 on Monday. The business’s fifty day moving average price is $6.60 and its 200 day moving average price is $6.72. The firm has a market capitalization of $17.05 billion, a PE ratio of 11.73, a P/E/G ratio of 4.44 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics has a 1-year low of $5.61 and a 1-year high of $9.00.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UMC shares. Citigroup upgraded shares of United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a report on Friday, March 21st. Wedbush cut shares of United Microelectronics from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.40.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.