Q1 2018 EPS Estimates for ASML Holding NV (ASML) Boosted by KeyCorp

ASML Holding NV (NASDAQ:ASML) – Stock analysts at KeyCorp upped their Q1 2018 earnings estimates for ASML in a research note issued on Wednesday. KeyCorp analyst W. Twigg now expects that the semiconductor company will post earnings per share of $1.41 for the quarter, up from their prior forecast of $1.39. KeyCorp also issued estimates for ASML’s Q2 2018 earnings at $1.64 EPS, Q3 2018 earnings at $1.74 EPS, Q1 2019 earnings at $1.97 EPS, Q2 2019 earnings at $2.15 EPS, Q4 2019 earnings at $2.28 EPS and FY2019 earnings at $8.65 EPS.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.52. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.15 billion. ASML had a return on equity of 21.49% and a net margin of 24.28%. The company’s revenue was up 34.3% on a year-over-year basis. During the same period last year, the business posted $1.23 EPS.

Several other research analysts have also recently commented on ASML. BidaskClub upgraded ASML from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada increased their target price on shares of ASML to $210.00 and gave the stock a “sector perform” rating in a research report on Thursday. They noted that the move was a valuation call. B. Riley increased their target price on shares of ASML from $166.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday. Zacks Investment Research cut shares of ASML from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a report on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $192.43.

Shares of ASML (NASDAQ:ASML) traded up $4.18 during trading hours on Friday, hitting $203.36. The stock had a trading volume of 3,618,700 shares, compared to its average volume of 1,243,800. ASML has a twelve month low of $119.83 and a twelve month high of $205.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 2.79. The stock has a market capitalization of $87,580.00, a P/E ratio of 33.84, a P/E/G ratio of 1.38 and a beta of 1.14.

ASML declared that its Board of Directors has initiated a share buyback program on Wednesday, January 17th that permits the company to repurchase outstanding shares. This repurchase authorization permits the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp grew its position in shares of ASML by 8.1% in the 2nd quarter. M&T Bank Corp now owns 2,775 shares of the semiconductor company’s stock worth $362,000 after buying an additional 207 shares during the period. Ameriprise Financial Inc. boosted its stake in ASML by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 69,606 shares of the semiconductor company’s stock worth $9,070,000 after purchasing an additional 216 shares in the last quarter. Comerica Bank boosted its stake in ASML by 1.1% in the 3rd quarter. Comerica Bank now owns 24,807 shares of the semiconductor company’s stock worth $4,413,000 after purchasing an additional 274 shares in the last quarter. Advisor Group Inc. boosted its stake in ASML by 11.9% in the 2nd quarter. Advisor Group Inc. now owns 2,960 shares of the semiconductor company’s stock worth $385,000 after purchasing an additional 315 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in ASML by 22.1% in the 4th quarter. Sheets Smith Wealth Management now owns 2,280 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 16.60% of the company’s stock.

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About ASML

ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.

Earnings History and Estimates for ASML (NASDAQ:ASML)

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