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

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) will likely be announcing its results before the market opens on Wednesday, August 12th. Analysts expect the company to post earnings of $0.2597 per share and revenue of $75.7769 billion for the quarter.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Trading Up 4.1%

Shares of HNHPF opened at $16.15 on Wednesday. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a fifty-two week low of $11.50 and a fifty-two week high of $20.26. The stock has a fifty day moving average of $16.20 and a two-hundred day moving average of $14.81.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating and issued a $22.00 target price on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $22.00.

About Hon Hai Precision Industry Co., Ltd. Sponsored GDR

Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a leading global electronics contract manufacturer and technology solutions provider. The company specializes in the design, development and assembly of a wide range of electronic products, including smartphones, tablets, personal computers, servers and networking equipment. Alongside its core manufacturing services, Hon Hai offers turnkey production capabilities, encompassing engineering, supply chain management and after-sales support for original equipment manufacturers (OEMs) and brand owners.

Founded in 1974 by Terry Gou and headquartered in Tucheng District, New Taipei City, Taiwan, Hon Hai has grown from a single factory operation into one of the world’s largest private employers.