Tokyo Electron (OTCMKTS:TOELY) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Tokyo Electron (OTCMKTS:TOELY) posted its earnings results on Thursday. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.04, Zacks reports. Tokyo Electron had a net margin of 23.40% and a return on equity of 22.98%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.67 billion.

Tokyo Electron Trading Up 15.7%

TOELY opened at $173.50 on Friday. Tokyo Electron has a 1-year low of $66.10 and a 1-year high of $249.37. The stock has a market capitalization of $162.41 billion, a PE ratio of 42.01 and a beta of 1.88. The firm has a 50-day moving average price of $204.21 and a two-hundred day moving average price of $160.77.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Tokyo Electron has an average rating of “Strong Buy”.

About Tokyo Electron

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.