Onsemi (NASDAQ:ON – Get Free Report) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.86-0.98 for the period, compared to the consensus EPS estimate of $1.00. The company issued revenue guidance of $1.68-1.78 billion, compared to the consensus revenue estimate of $1.82 billion. Onsemi also updated its Q2 2024 guidance to 0.860-0.980 EPS.
Onsemi Price Performance
Onsemi stock opened at $70.82 on Tuesday. The business’s fifty day moving average is $73.11 and its two-hundred day moving average is $75.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35. The firm has a market cap of $30.44 billion, a P/E ratio of 14.48, a P/E/G ratio of 6.71 and a beta of 1.80.
Onsemi (NASDAQ:ON – Get Free Report) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm earned $1.19 EPS. Onsemi’s quarterly revenue was down 4.9% compared to the same quarter last year. Equities research analysts forecast that Onsemi will post 4.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Stock Report on ON
Onsemi Company Profile
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
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