ASML (NASDAQ:ASML) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS

ASML (NASDAQ:ASML) issued its quarterly earnings data on Wednesday. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.18, Morningstar.com reports. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.57 billion. ASML had a return on equity of 21.31% and a net margin of 23.08%. During the same period in the prior year, the firm earned $1.37 EPS. ASML updated its Q3 2019 guidance to EPS.

NASDAQ:ASML opened at $226.65 on Friday. The firm’s fifty day moving average is $201.91. ASML has a fifty-two week low of $144.50 and a fifty-two week high of $226.99. The stock has a market cap of $91.70 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.17 and a beta of 1.21. The company has a quick ratio of 1.87, a current ratio of 2.78 and a debt-to-equity ratio of 0.26.

A number of large investors have recently added to or reduced their stakes in the stock. Brinker Capital Inc. raised its holdings in ASML by 1.2% during the 1st quarter. Brinker Capital Inc. now owns 5,281 shares of the semiconductor company’s stock valued at $993,000 after buying an additional 62 shares during the period. Cornerstone Advisors Inc. grew its position in ASML by 7.5% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,208 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 84 shares during the last quarter. Raymond James Trust N.A. grew its position in ASML by 2.7% in the 1st quarter. Raymond James Trust N.A. now owns 3,486 shares of the semiconductor company’s stock valued at $655,000 after acquiring an additional 91 shares during the last quarter. Evergreen Capital Management LLC grew its position in ASML by 5.8% in the 1st quarter. Evergreen Capital Management LLC now owns 1,818 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 99 shares during the last quarter. Finally, Park National Corp OH grew its position in ASML by 8.7% in the 2nd quarter. Park National Corp OH now owns 1,287 shares of the semiconductor company’s stock valued at $268,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 16.80% of the company’s stock.

ASML has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of in a report on Wednesday, June 19th. Royal Bank of Canada upped their price objective on Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a report on Tuesday. Societe Generale initiated coverage on ASML in a report on Monday, July 8th. They set a “buy” rating on the stock. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday. Finally, New Street Research cut ASML from a “buy” rating to a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $206.50.

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 Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

See Also: Holder of Record

Earnings History for ASML (NASDAQ:ASML)

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