Infineon Technologies (IFNNY) Expected to Release Quarterly Earnings on Wednesday

Infineon Technologies (OTCMKTS:IFNNY) is expected to issue its resultson Wednesday, August 5th. Analysts expect Infineon Technologies to announce earnings of $0.48 per share and revenue of $4.7767 billion for the quarter.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Infineon Technologies had a return on equity of 11.07% and a net margin of 7.84%.The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.46 billion. On average, analysts expect Infineon Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Infineon Technologies Price Performance

Shares of OTCMKTS IFNNY opened at $66.19 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 0.90. The company has a market cap of $86.26 billion, a price-to-earnings ratio of 64.89, a price-to-earnings-growth ratio of 0.83 and a beta of 2.22. The stock’s 50-day moving average is $86.35 and its two-hundred day moving average is $64.88. Infineon Technologies has a 1-year low of $35.89 and a 1-year high of $103.28.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Infineon Technologies presently has an average rating of “Moderate Buy”.

Infineon Technologies Company Profile

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.